Doug: Since you wish to quote my drivel from Dutch CB and put it up here, I would appreciate it if you would please quote my complete posting:
"Goldbugs have always had, and promoted, the idea that if the general market is bad, then that's good for gold. Maybe so in 1929. But today, jewellery is far and away the biggest use for gold and to buy that one likes to feel rich --- not poor!
That means there's a bigger demand for gold when the markets are running than when they are tanking. But, try to tell that to a goldbug who is steeped in gloom, doom and conspiracy and who seriously believes his day will come when everyone else is in crap."
So, and strange as it may be, there are those who look to gold as an investment --- quite apart from its political or blackmail agenda. Not everyone who buys gold, gold shares or gold articles is a goldbug. And, not everyone who buys gold, gold shares or gold articles looks to Uncle Bill or GATA as the agency which will enrich the value of their purchase.
Some people are still prepared to take their chances in the market and rely on their own judgement to make their profit. They don't need "big daddy", law suits, the ANC nor the illustrious president of SA (who to date has done sweet F.A for anyone, except himself) to do it for them. |
