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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (50634)	1/21/2006 3:06:02 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 110194

I agree that spending on war is just plain useless. As for producing gold to store it in a vault, it certainly appears to be very unproductive. But miners are still doing it because there is demand. It is not because Americans, unlike Indians and Chinese, are not hoarding gold, that it is the right thing to do. Obviously, Indians which have 15-20% (or so) of their net asset in gold believe that it make complete sense to spend to dig gold out of the ground so they can accumulate more.

To: UncleBigs who wrote (50634)	1/21/2006 3:14:46 PM
From: philv	Read Replies (1) \| Respond to of 110194

It is hard to argue with that statement. But much of mankind's activity isn't productive. Otherwise we wouldn't be human.

To: UncleBigs who wrote (50634)	1/21/2006 4:46:49 PM
From: benwood	Respond to of 110194

LoL! At least at first glance. Gold is close to zero for productivity (hording, manufacturing, making coinage maybe the top three uses, but hording the #1 by a long shot). War, however, is negative because it destroys what was already built, and creates a generation of ancillary costs, like my dad, 81, going to the VA still as a byproduct of WWII. I'd rather the US gov't had spent 2.2 trillion dollars on gold and sent my family it's share rather than have their war.

To: UncleBigs who wrote (50634)	1/22/2006 9:03:23 AM
From: shades	Read Replies (1) \| Respond to of 110194

Why is this concept so hard for people to understand, as I keep getting general chen to try and prove to me - what purpose can shiny metal serve me in the age of Neo and the Matrix? I want genetic advances - spaceships - virtual reality holodeck entertainment - life extension - investing in R&D is good - investing in GOLD doesn't get me any of that eh? I understand in the past of mankind in a world of mistrust and deception to trade with my nieghbor I perhaps needed a fixed amount commodity to keep things honest - but that time passed long long ago. I will teach china how to make tv's if she will teach me how to make cloned citizens - why involved gold in the middle anymore? we all want to increase our knowledge and intellectual wealth so that we can live as kings - all the gold and armies in the world didn't give the ruler of rome the life I have today as a pauper. He didn't have the technology or knowledge I have.