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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 398.52-4.4%Dec 29 4:00 PM EST

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To: TobagoJack who wrote (63635)5/16/2010 1:35:30 AM
From: average joe2 Recommendations  Read Replies (1) of 218815
 
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Howard: Say, answer me this one, will ya? Why's gold worth some twenty bucks an ounce?

Man: I don't know. 'Cause it's scarce.

Howard: A thousand men, say, go searching for gold. After six months, one of 'em is lucky - one out of the thousand. His find represents not only his own labor but that of nine hundred and ninety-nine others to boot. That's uh, six thousand months or five hundred years scrabbling over mountains, going hungry and thirsty. An ounce of gold, mister, is worth what it is because of the human labor that went into the finding and the getting of it.

Man: Never thought of it just like that...

Howard: Well, there's no other explanation, mister. Gold itself ain't good for nothin' except makin' jewelry with and gold teeth. Aw, gold's a devilish sort of a thing anyway. You start out to tell yourself you'll be satisfied with twenty-five thousand handsome smackers worth of it, 'so help me Lord and cross my heart.' Fine resolution. After months of sweatin' yourself dizzy and growing short on provisions and findin' nothin', you finally come down to fifteen thousand and then ten, finally you say, 'Lord, let me just find five thousand dollars worth and never ask for anything more the rest of my life.'...Here in this joint, it seems like a lot, but I tell you, if you was to make a real strike, you couldn't be dragged away. Not even the threat of miserable death'd keep you from trying to add ten thousand more. Ten you want to get twenty-five. Twenty-five you want to get fifty. Fifty, a hundred. Like roulette. One more turn, you know, always one more.
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