Wowa, that' s whopper! When you get mad all sorts of stuff comes flying out!
<It continues to amaze me how so many of the goldbugs fail to understand that NOTHING HAS INTRINSIC VALUE. Value is
determined solely upon the demand for an item by a prospective buyer and creates the basis for establishing a price.>
What are prices established in??? Doesn't land for example or food have intrinsic value?? It keeps you alive, do you value life?
< a person who dared to recklessly compare my comments>
Oh, my I'm so reckless!!
<So I happen to believe that monetary policy and the value of the US dollar should reside solely on the economic strength and policies implemented by this nation, and NOT upon the quantity of the shiny metal we have sitting in a vault in Ft. Knox.>
No one would disagree there...
<So I happen to believe that a floating exchange rate is a better manner of rewarding, or punishing, those nations that undertake the appropriate economic reforms than the amount of gold they are able to produce from any blessing geologically bestowed upon them by the good lord above.>
or there,
<So I don't believe in wearing a bunch of gold trinkets and waddling around like Mr. T. That's my right. Just as it is your right to buy all the gold that you want exchanging your Fiat currency for it>
or there,
<The only caveat I have ever acknowledged that sustains a vote for gold is if the current financial system was faced with an economic shock or a natural disaster that put it out of commission. THEN I COULD SEE A CASE FOR GOLD AND SILVER. But also a major case for collecting food, seed, and a couple of 5,000 gallon storage tanks of gas and diesel.>
except that gold trades every day like other commodities, so it has value every day, and not just disaster day.
<For gold to truly soar to the prices that many of you would like to see (1,000/ounce), it would require a major crisis in the global economy. It would be a crisis so severe that I can't believe anyone of you are truly willing to inflict it upon your neighbors solely for the purpose of making a windfall on a precious metal.>
You see Ron, this type of thing is what gets people pissed off at you. I mean no one here is trying to cause anything to happen... many people believe bad things WILL happen due to various events, economic or otherwise. That was just an a*&hole statement.
<Everyone... please bookmark this post and re-read it whenever you feel the urge to rail against my comments about gold. I've been out here long enough that I find it inexplicable that so many of you continue to misquote or twist my opinions and comments.>
Well, I think you should bookmark it so you can see why people get pissed at you. I still fail to understand why you hang around the price of gold thread when you despise it so.
This may help:
do-not-zzz.com
DAK |
