Posted on 05/22/2010 7:29:31 AM PDT by raptor22
The man that predicted the economic and financial collapse two years ago advised people that are concerned about inflation to buy Spam rather than gold.
As you can't turn on a TV these days without seeing an ad for gold or some economist recommending you buy the precious metal, Nouriel Roubini's comment on Friday's "Real Time" deliciously went against the tide of financial advisors across the fruited plain.
"Gold has no intrinsic value," he amazingly told host Bill Maher. "If you're really worried about say inflation rising, I would buy Spam."
(Excerpt) Read more at newsbusters.org ...
As Obama robs us of our wealth, about the only thing we will be able to afford is Spam.
Gold has a myriad of uses. It is vital in spacecraft, medicine and electronics.
Is gold useful in creating its own investment bubbles?
but I don’t like spam...
http://www.youtube.com/watch?v=anwy2MPT5RE
Ok, I’ll buy more guns and ammo.
... all of which will benefit you exactly ZERO when the trucks stop rolling to the supermarkets.
"Gold has no intrinsic value,
Sounds like the bozo is forgetting gold's physical properties that make it a valuable industrial commodity. Corrosion resistance... electrical conductivity...
Gold ain't just pretty to look at, you know.
Possible prepper ping?
HRL hasn’t been doing bad. He may have a point.
However, Gold fails the Desert Island test.
Spam? MRE’s and ammo for me. There’s at least 4 MRE’s that are not bad at all. Spam will leave you in dire shape if your water supply runs low, with all that salt.
All commodities trade ... If you look back you can probably find the price of a round of ammo translate historically into about the same amount of beans.
So trading ammo for spam is a good way to look at it. The guy with the most ammo, though, may take your spam. Hungry marauding people may want both your ammo and your spam. So it’s up to the person to decide.
The laws of the jungle are not time dependent, and are in fact unchanging. Just ask New Orleans residents.
The difficulty with gold is you can’t eat it, nor shoot it. In Waterworld, gold was basically useless. So it depends on how bad you think it gets.
We are in hurricane country so we stock enough canned food, and drinks, for 2 months, that allows some for sharing with neighbors.
When I was a kid, Spam was very popular. It was cheap. It then fell out of favor, probably because of the sodium and the fact that people could afford a lot better. Now that our economy is swirling the bowl, it’s actually making a comeback. I understand that production has more than doubled and stores can’t keep it on the shelves.
rarity has its own value
There are no bad MRE’s when you’re really hungry.
"The price has gone up, Mr. Farwell. Now it's two gold bars for one can of Spam"
My grandmom used to make fried spam, that’s the only way I can really stand it. Still, even the low salt one is too salty and that tastes pretty rank.
Me too!
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