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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (52576)2/4/2006 1:08:55 AM
From: shades  Read Replies (2) of 110194
 
I view most GLD investors as LTBH.

Why? Do they like looking at shiny metal? Do they like wearing jewelry - gold is a means to an end for them right? Will they hold gold at 2000 an ounce? What about 200K an ounce as one poster said? What about 2 million an ounce? When will they STOP holding it - they dont want the GOLD - they want what they think profits in gold will bring them no?

Just like the gold horders in spain of yesteryear - to have a more lavish lifestyle with red lobster, travel, big houses, nice boats, lots of entertainment and very little work or productivity. GOld in and of itself will not bring this, but a more advanced and ethical society can - investing in GOLD does not get me medicine to extend my life - investing in technology and research does - spain didn't figure that out and it cost them. Religious right nuts that put in leaders that want holy wars is stopping the stem cell research funding - GOLD helps that how? We need to edumecate the voters who want to stop progress to their own detriment - how does investing in GOLD do this? What practical use does it have to the everyday joe? I guess I watched too much star trek and stargate - everyone wants technology and information - while all you guys watched Treasure Island with Long John Silver.

I see people saying we got to have gold to keep gubbment honest - no we dont - we just need a society of good informed citizens and lots of watchdogs - more calculated risks and less riskloves - we dont need gold. We need more transparency and technology can bring that.
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