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

To: sciAticA errAticA who wrote (7372)	6/26/2006 4:09:18 AM
From: Seeker of Truth	Respond to of 217656

Over the years since 1925, gold has kept up, though erratically, with inflation. I don't think that peace of mind follows owning a substantial supply of gold. Who will discover its hiding place? If it's in a bank vault then it is liable to government compulsory exchange for some pieces of paper. One person alone cannot know its location. Other family members have to know, in the case of death. Not all of them may keep the secret well. Kidnappers can extract the location. Personally owned real estate in or near a growing city, looks much more attractive. For the next decade or two anyway, till we have agricultural sources of energy in great volume, oil sands shares look to me more attractive than gold. I'm not short gold. It will surely go up in price. After all, the universally quoted US dollar price of gold makes gold a convenient bet against the US dollar.