Sri Lanka buying gold 'to diversify reserves'

google news ^ | 11/7/09 | Mel Gunasekera

[null and void]

Weimar Germany. If you recall, it was replaced by Nazi Germany. Nazi Germany based its currency on the value of the German worker.

That worked out real well, didn’t it?

[Toddsterpatriot]

Weimar Germany. If you recall, it was replaced by Nazi Germany.

As far as I know, Germany still exists as a country. And yet, no gold standard.

[null and void]

I see. If it doesn’t vanish off the face of the earth, leaving a gaping hole all the way down to the mantle, it doesn’t count.

Bitter experience has taught me yet again that attempting meaningful conversation with you is a waste of time and effort.

Good day.

[Toddsterpatriot]

I see. If it doesn’t vanish off the face of the earth, leaving a gaping hole all the way down to the mantle, it doesn’t count.

You're the one who made the stupid claim.

For the most part, countries that debased their currency eventually ceased to exist.

LOL! Try again?

meaningful conversation with you....

Is difficult when you say stupid shit. Cease to exist. LOL!

[dollarbull]

I'm doing fine. I'm also doing fine over the 6 month and 20 year time frames.

Care to post some #s? Cuz I don't believe you - you had all those toxic banking stocks, etc.

You don't think that gold is a good buy based on Central Banks purchases, do you?

You're confusing cause and effect again. Central banks have shifted from net gold sellers to net gold buyers BECAUSE gold is a good buy. Gold isn't a good buy because they are doing so, although their actions in the gold market will alter demand/supply dynamics and cause the gold price to rise even more than it otherwise would. Enjoy the view from the sidelines, it's going to be a hell of a ride.

[Toddsterpatriot]

Central banks have shifted from net gold sellers to net gold buyers BECAUSE gold is a good buy.

Central bank selling at lower prices was BECAUSE gold was a good sell?

[dollarbull]

Central bank selling at lower prices was BECAUSE gold was a good sell?

Didn't I just tell you not to confuse cause and effect?

BTW - Thanks for the 20 year charts, which I didn't ask for. How you doing on a 1,5,10 year basis against gold? Given you didn't reply to that, I did get the information I was looking for, so that you - LOL

[Toddsterpatriot]

[dollarbull]

So does that mean that you sold BAC and MO and put everything into SPX at the beginning of this year? Also - gold is up 50% over the last 12 months so you picked the wrong security for the 1 year chart.

The question wasn’t “Todd pick one of your investments that beat gold over 1,5,10 years”.

Again - avoiding the question tells me the info I needed to know anyway, so thanks. Gold is kicking your ass.

[Toddsterpatriot]

So does that mean that you sold BAC and MO and put everything into SPX at the beginning of this year?

Do you remember reading that?

Also - gold is up 50% over the last 12 months so you picked the wrong security for the 1 year chart.

I don't remember reading, when I opened my accounts, that I had to beat gold every year.

Gold is kicking your ass.

You should buy more.

[dollarbull]

How about this instead:

You keep watching from the sidelines as gold takes no prisoners over the next few years.

I’ll be watching your FR tagline (since it conveniently evolves with the times) to know when it’s time to get out.