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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: shades who wrote (49425)4/8/2006 8:15:14 PM
From: TH  Read Replies (1) | Respond to of 116555
 
shades,

Of course I'm being facetious. Besides, "they" already have my name, and certainly your's too. Citizens who have nothing to hide, and have broken no laws are not too concerned if they have their name. "They" are largely an incompetent bunch, and I don't give much thought to what they are doing.

My comment about taking out five of them is as absurd as the idea that 20 snipers would be interested in taking my gold. How many people do you think they would take gold from before a militia would form? Before they start taking private property by force, "they" are going to need to get the guns from the public. Ain't gonna happen.

I find your disdain for gold amusing. This is an investment thread, and it appears that gold was one of the best performers last year. Do we care if the reasons for the rise if POG are rational? Did you invest in something that had a greater return than POG or the miners last year? This year?

As for gold itself, I wonder why you have such a difficult time understanding it's value. Walter Huston had a great line in "Treasure of the Sierra Madre". Huston said that gold is worth what it is worth not just for the work you have to do to get it out of the ground, but also for the work of the other 20 guys who didn't find it.

In any event, I think we will see a sustained rise in gold over the next few years, and some will profit and some will label it a relic.

GT
TH