Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (1563)	10/25/2005 10:58:25 AM
From: dsv	Read Replies (1) \| Respond to of 218030

Having lots of friends and relatives who were in Russia during the war, there were lots of stories about gold being an incredibly important part of wealth management(and survival). Actually bread had its value as well at times when there was a scarcity. I suspect that it will just take time and opportunity for this to occur in the west as well. We have just not had adequate opportunity to learn this yet. Hard assets that are needed will always have a value in times of stress

To: Ilaine who wrote (1563)	10/25/2005 3:47:05 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 218030

<Attacking human beings is inherently risky, so it's typically a desperation move.> Yet it remains the most popular activity. Slavery is still rife, but it's conducted in a different way. The winning voters tell the others to hand over their money to be spent on the desires of the winners. What's weird is that most people like the system. Yet they are victims of it. Uncle Toms by the million. Better to feel safe as part of the crowd, even if a serf. Gold is found wealth and finding wealth is the eons-long history of the biological realm. It is only in recent millennia that created wealth began and only in the last century that created wealth became dominant. Even land was largely found wealth, though the increasingly sophisticated agricultural process was turning it into created wealth. The majority of people are now involved in the created wealth process. Look at China go and India is well into it too. There's not much found wealth lying around in gold mines, oil wells and wild fish stocks to make many people rich or even comfortable. Mqurice

To: Ilaine who wrote (1563)	10/25/2005 5:33:07 PM
From: freechina	Read Replies (1) \| Respond to of 218030

This is one of the best posts I have read on this thread - so Cobalt, I am taking loans out to buy cash flowing real estate and very sound mergent dividend achievers - what are you going to take your FREE helicopter bernanke money and buy? Too many confuse the USEFULNESS of GOLD in the past of faltering political, government, military power - something that is just not possible in the modern day west without global nuclear warfare. Chen is so entrenched in modern soft currency economic systems and the political, social, military bodies around them - I am not understanding why he thinks the banks are going to blow up tomorrow and allow GOLD to disperse the global fractional reserve system.

To: Ilaine who wrote (1563)	10/25/2005 6:50:56 PM
From: smolejv@gmx.net	Read Replies (4) \| Respond to of 218030

Hi CB: Nice to see you back. Question: Could you expand on your "Bernanke - he's my man" attitude? What would be the alternatives? Given the fact (? - you can dispute it, but I'm not trying to provoke you, be my guest) he's the man now with the finger on the printing press button, it is of interest to audience here() to see it from close-to or even inside-of Beltway perspective, how does it feel()? Regards dj PS: my bees died (varoose), but my nephew got them back up (cca 6 hives kicking now) It's an uphill battle though. Tobago - Huh?! Some place in Illinois?, Canada - why, oh why 49?? why not 59..., New Zealand - Maoris, sheep and Maurice, Jeeze..., Slovenia - nice name, but who's that lady? etc ** that's Bob Dylan, but we're all full of him one way or another, so I hope it does not count

To: Ilaine who wrote (1563)	10/25/2005 8:09:38 PM
From: TobagoJack	Read Replies (1) \| Respond to of 218030

Hello CB, <<As politicians go, I still prefer Bush et al to Gore et al. Wouldn't mind having better choices.>> ... Yes on both, no arguments. <<But as for gold as money, that's not going to happen, unless the US is reduced to grubbing in the rubble>> ... no arguments here either. <<In which case, gold won't do you any good because, unless you are very well armed, someone is going to hit you over the head and take it away from you>> ... yeup, between hiding the goodies and hiring a private army so as to accumulate more gold, something can be worked out to the benefit of a few :0) <<We saw a mini-version of your predicted TEOTWAWKI in the New Orleans Superdome after Katrina ...>> ... no question, having moolah of any sort in the superdome was a bad bad idea. <<The nice thing about paper is that it's inherently worthless -- just acts as a place marker>> ... it is what I am told by my intuition, and so no arguments here. <<Attacking human beings is inherently risky, so it's typically a desperation move>> ... that is precisely the concern. Very civilized exchange. All that we have agreed on is precisely why we must spend while we can, at least a little, without digging into the seed storage, and buy some gold, to guard against the central bankers, and that would be all central bankers. Gold saved enough families during many recent crisis to matter, and I vividly remember the Koreans selling their gold to the officialdom to save the country from debt implosion, while the Thais were disgorging gold to save their businesses from credit crunch. Then there were the Argentines, ATM-blocked, whereas a gold coin or two would come in quite handy, all things equal. Let us simply conclude that during a financial reset, it is better to have gold than not, dangerous or not. Chugs, J