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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 427.64-3.9%4:00 PM EST

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To: oldirtybastard who wrote (28875)1/31/2008 11:50:32 AM
From: Rolla Coasta  Read Replies (1) of 219961
 
>> You buy gold because you buy things that you think other people will want to buy, like gold.

people kept saying buy gold as the price of gold crashed in 1980s. You should remember that burning sensation.

>> They can't infinitely expand credit with gold, which is one reason why gold is going up and papers are going down.

not the case during credit contraction

>> they will not be involved in any big business and will eat rice and water when they can get it.

then, pig farmers will not offer them any great pork meat if they can't afford it, but only to the rich who can bid higher and higher price to get the best meat they can get.
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