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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: Fun-da-Mental#1 who wrote (8416)3/15/2008 10:38:17 PM
From: inchingup  Read Replies (1) | Respond to of 50725
 
RE: Gold

"Enjoy it while it lasts but be prepared for it to end at any time. Buy every dip and sell every rally"

I bet if one looked through the archives one could find that same or similar statement 1000 times. If someone would have followed that advice they would likely also have made 1000 trades and ended up even at best.

The facts are simple. Those who bought gold at a time no one else cared about it are doing just fine. It could drop down to $600 and still be twice as good as holding cash since 2001.

It's also pretty to look at, fun to play with, doesn't disintegrate when buried in the ground and unlike currency can't be chewed up by your dog.



To: Fun-da-Mental#1 who wrote (8416)3/16/2008 12:28:18 AM
From: NOW  Read Replies (1) | Respond to of 50725
 
speculative bubbles? really? certainly there is speculative froth, but i think the current price of gold reflects the reality that the credibility of the powers that be is rapidly waning



To: Fun-da-Mental#1 who wrote (8416)3/16/2008 6:04:26 AM
From: Telemarker  Read Replies (1) | Respond to of 50725
 
Consider the nature of your measuring stick. eom.



To: Fun-da-Mental#1 who wrote (8416)3/16/2008 8:57:30 AM
From: Condor  Read Replies (1) | Respond to of 50725
 
Thks Fundy,

FWIW, I wonder if the future of gold will be directly related to it's desirability as wealth storage for the up and coming far east consumer as their standard of living increases. (vis a vis India)

Also, at some point gold could just go flat at these (or another level) and this being its new base. It does not have to go up or down in the intermediate term.

I will agree that it is a commodity and subject to demand and supply.

Cheers

C