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Where are the gold bugs NOW?
Gold Prices Online ^ | 06/27/2002 | Lazamataz

Posted on 06/28/2002 3:00:46 PM PDT by Lazamataz

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To: #3Fan
How's that?

That's funny. Keep fighting the good fight!

261 posted on 06/29/2002 4:04:50 PM PDT by rohry
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To: #3Fan
I've never tested the fire department

The fire department tests their equipment all the time. They're not afraid to.

262 posted on 06/29/2002 4:14:04 PM PDT by Roscoe
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To: Roscoe
The fire department tests their equipment all the time. They're not afraid to.

Gold is exchanged every day also.

263 posted on 06/29/2002 4:18:40 PM PDT by #3Fan
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To: Travis McGee
That's one of the main underlying themes of my novel (90+% finished the rough).

Great minds think alike! <;>)

264 posted on 06/29/2002 4:21:42 PM PDT by Gritty
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To: Travis McGee
"They don't care, their marching orders come direct from Mohammed. Allah will take care of the details, and the more "martyrs" the better."

Ahhhh, a win-win situation. The martyrs get what they want and we get what we want: them dead.

265 posted on 06/29/2002 4:26:48 PM PDT by Southack
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To: #3Fan
"Who will then? The city dweller with a weeks supply of food and no money after the hyperinflation? I don't think so. Most farms today are massive operations they will have the grain everyone will need. It will be a matter of who has the ability to pay, and then who is the best beggar."

The average American probably owns a pound or more of gold jewelry. It will be offered at once, en masse, by the public at large for the first bowl of rice in a famine, if Dollars are somehow no longer valid.

Those pounds and pounds of gold jewelry will put gold very low on the list of "rare" commodities that people with valuables (e.g. food, water, guns, ammo, shelter, transportation, fuel, and clothing) will be interested in weighing themselves down with or trading for.

People such as yourself will be begging those of us with food, water, guns, ammo, and transportion to trade some of what we have for the worthless yellow metal that you have hoarded.

Don't count on finding many takers.

266 posted on 06/29/2002 4:35:26 PM PDT by Southack
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To: #3Fan
Gold is exchanged every day also.

To farmers for food? Go try it.

267 posted on 06/29/2002 4:47:50 PM PDT by Roscoe
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To: Southack
The average American probably owns a pound or more of gold jewelry. It will be offered at once, en masse, by the public at large for the first bowl of rice in a famine, if Dollars are somehow no longer valid.

There will be no famine. Like I said, we have the grain, it will be a matter of who can pay and get on with their lives and who has to beg and be in servitude.

Those pounds and pounds of gold jewelry will put gold very low on the list of "rare" commodities that people with valuables (e.g. food, water, guns, ammo, shelter, transportation, fuel, and clothing) will be interested in weighing themselves down with or trading for.

That has never happened before in these kinds of crises and it won't happen the next time. People want something valuable and something they can carry. Gold will be it. People won't forget how to drive or sail boats, a car can go across the country in one day. Who will have the ability to buy gasoline to get to a more stable area? Gold owners.

People such as yourself will be begging those of us with food, water, guns, ammo, and transportion to trade some of what we have for the worthless yellow metal that you have hoarded.

So tell me, how much food and gasoline do you have stored at this moment? If you don't have much of these items and no gold to boot, you'll be the one stuck where you are and begging the closest farmer you can find.

Don't count on finding many takers.

Don't count on any takers for a hyperinflated dollar.

268 posted on 06/29/2002 4:52:05 PM PDT by #3Fan
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To: Roscoe
To farmers for food? Go try it.

Gold is for an emergency when dollars won't do.

269 posted on 06/29/2002 4:54:30 PM PDT by #3Fan
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To: Southack
The average American probably owns a pound or more of gold jewelry. It will be offered at once, en masse, by the public at large for the first bowl of rice in a famine, if Dollars are somehow no longer valid.

The pawn shops will be overflowing.

270 posted on 06/29/2002 4:55:53 PM PDT by Roscoe
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To: Nick Danger
That's an interesting analogy, and I'm not real up on the gold/paper debate, but I think I've found a flaw in it.

What could you have invested in back in the time of Caesar that would still be around today? What Roman business has withstood all the risings and fallings of civilizations that have happened since then? Even if you had been conservative and bought a 2000-year savings bond issued by the Roman government, where would you redeem it now?

Gold seems to have the power to keep buying stuff even when governments and civilizations crumble. What other investment can claim that? (too bad you can't buy stock in the Catholic Church!)
271 posted on 06/29/2002 4:56:40 PM PDT by Yardstick
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To: #3Fan
I've never heard of Mother Shipton but she wrote nice prose.

But as long as we're on the subject of prophesy, try this one on for size:

"Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.'

"And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore:

merchandise of gold and silver, precious stones and pearls, fine linen and purple, silk and scarlet, every kind of citron wood, every kind of object of ivory, every kind of object of most precious wood, bronze, iron, and marble;

and cinnamon and incense, fragrant oil and frankincense, wine and oil, fine flour and wheat, cattle and sheep, horses and chariots, and bodies and souls of men.

The fruit that your soul longed for has gone from you, and all the things which are rich and splendid have gone from you, and you shall find them no more at all...

For in one hour such great riches came to nothing.'...

and (they) cried out when they saw the smoke of her burning, saying, "What is like this great city?'

"They threw dust on their heads and cried out, weeping and wailing, and saying, "Alas, alas, that great city, in which all who had ships on the sea became rich by her wealth! For in one hour she is made desolate.'

"Rejoice over her, O heaven, and you holy apostles and prophets, for God has avenged you on her!"

............Revelation 18

In the end, all this will count for nothing anyhow. But then, we are talking about the interim here, are we not?

272 posted on 06/29/2002 4:58:23 PM PDT by Gritty
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To: #3Fan
"So tell me, how much food and gasoline do you have stored at this moment? If you don't have much of these items and no gold to boot, you'll be the one stuck where you are and begging the closest farmer you can find."

I live in rural Alabama. I grow my own food and have a decent amount of essentials stored, including gasoline. If people are starving, there is just no way that I'd trade what I have for your ugly yellow metal.

Moreover, what you clearly haven't grasped is that there is an enormous amount of gold that is out of circulation in jewelry and industrial products. Any crisis that destroys the Dollar would find all of that gold back on the market in an attempt to trade it for things that are life-supporting (e.g. food, water, shelter, guns).

Gold isn't rare. Everyone owns some. Any fool who offered to trade something of value for gold in that sort of crisis would be FLOODED with have-nots bringing in their gold jewelry to trade for food or whatever because people can't eat gold so they are certainly willing to dump it off on whomever would take it in trade.

273 posted on 06/29/2002 4:59:59 PM PDT by Southack
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To: Roscoe
The pawn shops will be overflowing.

Peoplewill exchange their gold and silver directly to the people who have whatthey need, not pawn shop owners. Pawn shops are for times of stability. There won't be order for a few months.

274 posted on 06/29/2002 5:00:45 PM PDT by #3Fan
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To: Roscoe
The pawn shops will be overflowing.

People will exchange their gold and silver directly to the people who have what they need, not pawn shop owners. Pawn shops are for times of stability. There won't be order for a few months.

275 posted on 06/29/2002 5:01:20 PM PDT by #3Fan
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To: Yardstick
"What could you have invested in back in the time of Caesar that would still be around today?"

Land.

276 posted on 06/29/2002 5:01:33 PM PDT by Southack
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To: #3Fan
Gold is for an emergency when dollars won't do.

Americans who have never used Krugerrands or gold bars for trade and who have no means to authenticate or test them will suddenly want to trade lifes necessities away? You're dreaming.

You would be better off with a bag of Eisenhower dollars or cartons of cigarettes.

277 posted on 06/29/2002 5:01:38 PM PDT by Roscoe
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To: #3Fan
People will exchange their gold and silver directly to the people who have what they need

Nope.

not pawn shop owners.

After a while, even the pawn shops wouldn't want any more.

278 posted on 06/29/2002 5:03:09 PM PDT by Roscoe
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To: Lazamataz
Just recently been taking positions in mining companies.
I see this a good time to purchase more.
279 posted on 06/29/2002 5:03:30 PM PDT by TBall
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To: Yardstick
(too bad you can't buy stock in the Catholic Church!)

Don't buy it if you could. The major churches will be part of the one-world religion and will have strife. Clinton was just the beginning, everything is getting more and more fake.

280 posted on 06/29/2002 5:05:42 PM PDT by #3Fan
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