SI
SI
discoversearch

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 : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (107331)2/29/2008 1:56:42 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
totally agree, I am not against gold or oil or any other commodity investing.

But Golds value is mostly related to the gold standard and its historical legacy.

Let me ask you this- please be honest.

You use oil every day. Can you imagine a day (tomorrow, this week or this year) where you and the rest of the public could not access oil- what would that do to the economy or people's lives? Coal same deal, etc.

now what about gold. Lets say tomorrow there was a huge GOLD EMBARGO and you were disallowed from using gold in your own life, in your commercial life etc. What would be the effect?

I'll tell you what it would be .... not much. The few (very few) tech companies still using gold in semiconductor processing would switch to another material... there would be a small disruption. thats IT.