Almost 21 Questions Revisited.Questions Twelve Through Nineteen And Close.
12) Do consider buying gold as a way of increasing wealth?
A: Only if the prevailing psychology suggests that gold is appreciating in contrast to other assets.
C: The prevailing psychology would imply whatever is hot at the moment,would it not?Therefore,I can only assume you invest on momentum without considering the store of value aspect.Many others look much longer term,but your answer was a good one considering the broad nature of the question.
13) Do you consider buying gold as a means of retaining wealth?
A: Only if I were certain that all other asset classes would underperform gold.
C: Fair enough,but you would be speculating here based on more recent historical valuations with America living in the best of times, with no consideration for the unknown.Betting on things that can never be foreseen,if you will.
14) Do own any form of gold at the present?
A: nope. But then again, that is why I'm here. To figure out if gold will be the valuable asset during Y2K that everyone has predicted it would be. (oops.. I fibbed. My wedding band and the circuitry in my 'puter...:0)
C: This flies in the face of most of your commentary and obvious prejudice thus far.Your saturation of the thread with non relevance would put these objectives well in the background from your stated purpose. The Y2K issue is one to be considered,but it pales in comparison to Central Bank and other issues previously addressed.Question number seven (7) would have to be considered to evaluate the real impact Y2K will have on the future demand for gold and the affects on its appreciation from an international perspective.
15) Have you ever owned any form of gold in the past?
A: see above
C: NC
16) Should buying gold be encouraged or discouraged?
A: not my business. The question should be "does it make sense to own gold". The answer to that question would reveal a resounding "no" were it asked in 1982 when gold was $850/ounce. (But there were many who said that you should buy more even then due to the upcoming economic collapse expected in the '80s).
C: No..the question should stand as is.
17)Should laws restrict the amount of gold in whatever form you wish to own?
A: Good question. Only if causes a financial or economic disruption that negatively impacts greater society. People's rights extend only to the extent that they do not attempt to harm the majority of society (IMO).
C: Good answer, yet we here are more than aware that the gold ownership is dwarfed by ownership in other assets,financial instruments and the like.It would take only a fraction of the " money " to move into gold to raise its price by a large degeee.Is this the poop that falls beneath the tail that wags the dog?
18)Do you consider buying gold to be unpatriotic?
A: No more than buying one-ply toilet paper instead of two-ply.
C: I hope that sits well with you <g>
19) Define " GoldBug ".
A: Those who see any kind of currency not fully backed by, and exchangeable for, gold on a pre-set valuation. Those who see a Fiat backed system of money as "unpatriotic" even though it is fully backed by the government and taxbase of that countries population. Gold was a global currency.
C: Interesting.Yet you wish to conclude most who post on this board are " goldbugs " Also noted is the Western Press who wish to categorise anyone who has an interest in gold as a ' goldbug ".Not impressive.
I would equate this to stating that anyone who considers abortion as an alternative, also condones murder.
Now think about this closely:
C: OK………..
I opine that Gold was the original NWO of financial control because only those who held the gold had power in the world. Its power transcended borders and unfairly penalised those who could sustain faster economic growth and efficiency while enriching those who were able to exploit and corrupt economies through their transactions. The Fiat system has placed the primary responsibility for a country's economic health upon its own gov't and CBs, and the sound economic policies that they follow.
C: The first part sounds increasingly familiar with the position the USD has taken in the world today.The
Difference being that much of the dollar's strength lies not in its " gov't and CBs, and the sound
Economic policies that they follow ",but America's exuberance to extend it's powerful grip on the
Global economy through its technological advantages in fire power,and having most transactions in
Commodities like oil etc. having to be converted to USD during the transaction.You cannot separate
These observations and make an educated evaluation.This is why the thread Was engaged in considering
the EURO's place in those transactions now and in the future.There is nothing Sinister going on here
Ron,just appropriate due diligence for investment purposes and a little education as a By-product. We
can choose to ignore some of these aspects,but that would be no more than a mild form of selective
censure ,if you will. Touchy subject matter,I will give you that,likewise the political observations
" out here " . he he he
Hope this game of "almost 21 questions" helped you out.
C: I have better understanding of your position now,and for that I/we? thank you very much.It was not a
game really,but I have enjoyed exchange of THOUGHTS thus far.I await your reply on this question
you may have missed.There were twenty-one questions actually,but the last one was more of a request
for clarification purposes.J
Q: What is your knowledge of the US position on Gold in its CB?
And that should do it for me.
Deep Regards
Taurus553
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