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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (81065)10/13/2011 9:35:09 PM
From: average joe1 Recommendation  Read Replies (1) of 217591
 
If there is "violent systemic change" my suggestion would be own a garden as someone will kill you for your gold. Maybe the creek going by the garden can have some auriferous gravels you can pan in the afternoon when no one is around.

I'm reading The Power of Gold by Peter L. Bernstein that you recommended. One quote stands out so far about gold... "fools for gold, chasing an illusion".

"The most striking feature of this long history is that gold led most of the protagonists of the drama into the ditch. . . . Midas . . . Croesus . . . Charles de Gaulle, and the gold bugs of the 1980s all were fools for gold, chasing an illusion. . . .Gold and its surrogates make sense only as a means to an end, to beautify, to adorn, to exchange for what we need and really want."

Sort of like a magnificent Lipizzaner stallion whose war manoeuvres are relegated to the riding arena. The "airs above the ground" a relic preserved from the past, exercises without purpose.

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