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To: kittymyrib

Have you noticed any articles citing the gold fever as a “suckers bet”?
(especially at these prices)

You can’t eat it, and in denominations of $1400/oz., you’d find yourself over-paying for groceries.


9 posted on 02/21/2011 5:45:37 AM PST by G Larry
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To: G Larry

That’s it? Those are your reasons for not owning Gold?

“You can’t eat it” and “”It’s too large to use as currency”?

When Argentina and Mexico had their devaluation events, the only people who ate well were the ones with Gold. It turned out that supermarkets were very willing to change Gold into Silver, or to extend credit based on Gold.

Whereas - the people with wheelbarrows of worthless cash lost a lot of weight.


15 posted on 02/21/2011 6:17:00 AM PST by agere_contra (Historically every time the Left has 'expanded its moral imagination' the results have been horrific)
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To: G Larry; jiggyboy

You can’t eat it, and in denominations of $1400/oz., you’d find yourself over-paying for groceries.


1. What investment CAN you eat (no one is suggesting you invest before buying groceries or an amply food supply).

2. Have you ever heard of “change?” (Although Junk silver coins are better if one expects to buy groceries after a currency collapse).


20 posted on 02/21/2011 9:38:17 AM PST by Atlas Sneezed ("If you touch my junk, I'm gonna have you arrested.")
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