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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.94

+0.2%

Nov 19 4:00 PM EST

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To: TobagoJack who wrote (66738)	10/2/2010 3:36:27 AM
From: Hawkmoon	3 Recommendations Read Replies (2) of 217882

gold did brilliant between 1929 and 1934 And EXACTLY WHAT happened in 1934? Don't think it can't happen again? Who's the 6th largest holder of gold right now? GLD, right? Mighty convenient way to control a large quantity of gold, should the Treasury decide to confiscate it. nasty to create jobs when there is a minimum wage law interfering with the free market. Considering that the current minimum wage is below poverty level, I don't think that's the issue. The issue is investing in the people. And I'll be the first to admit that the past administrations have been notoriously bad at that here in the US. I'm a big believer that if people receive unemployment benefits, they must maintain, or improve, their job skills. And if people receive welfare/food stamps, they should perform community service in exchange for those benefits. There are so many projects that need to be undertaken to maintain and improve our infrastructure and technological base and none of the past stimulus money seemed to properly address those issues. When government spends money to stimulate the economy, it must be done with an expectation of a long-term ROI. As for gold, I still stand pat on my opinion of it. I believe it's a waste of economic resources that are better spent investing in advanced technology that increases productivity and betters the human condition. Done properly, such endeavors should render far better than a 5% return. Hawk

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