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

To: Ilaine who wrote (32338)	4/5/2008 6:25:56 PM
From: carranza2	Read Replies (1) \| Respond to of 219612

History simply does not support the belief that you can get significantly richer by buying gold. If you had bought gold at $264 and change at the end of 2001, you might not say that. Or if you bought shortly after Bretton Woods was dismantled, and watched it go to $850. Gold does not have intrinsic value so it cannot 'hold' its value. In fact, the price can be very volatile. In this day and age, it simply reflects the health or sickness of paper currency and thus the health of an economy. The POG has gone up recently because the dollars in circulation have increased so much and there is a tremendous amount of uncertainty infecting the global financial system. It is telling us that we have a sick system, that we need to be very careful. If you listen, the POG will tell you a lot. If the appropriate measures are taken, such as increasing interest rates, tightening lending, implementing appropriate regulation of the Wall St. scamsters, and doing the necessary to wring out excess leverage, the POG would crash. I think of the economy as a patient and the POG as a thermometer. The sicker the patient, the higher the POG and vice versa. The Swissie, because it is the rationally managed currency of a rationally managed country, serves much the same purpose. The dollar will go much lower because BurnUndKaput is doing exactly the opposite of what should be done. The phobia of a recession or of the failure of some marginally ethical I-banks has never existed before. The excess of leverage has to be wrung out of the system sooner or later. This cannot be avoided. It will hurt, but not as much as the pain which will be felt if we continue on the course on which we are set.

To: Ilaine who wrote (32338)	4/5/2008 8:14:18 PM
From: TobagoJack	Read Replies (1) \| Respond to of 219612

hello cb and all, it may not be correct to think of gold as an investment and i cannot say i have ever thought it so i had at various times referred to gold as the Reset Button, and other times, Money. I do not remember ever saying any variation of "I invested in gold" gold is really only useful as an insurance and as a discipline insurance: self explanatory. when times go dire, as just before carthage got wiped clean, rome got reset, thailand retrogressed, argentina paused, zimbabwe puffed up, russia got memory wiped, and now, usd space definitely ruled by a private cabal of bankers by way of a misleadingly named federal reserve headed by folks who, surprisingly and proudly, confess to perpetration of a monetary fraud using, out of folly and ignorance, a supposedly secret printing press, gold is good discipline: as some do not think of primary residence as an investment, but as consumption, others believe that savings is very much a different act than investment which at times may turn out to be a speculation, and so it is that i believe petrobank energy is an investment, a rental property same, but cash, and government bonds, and gold disks are savings - each of a different character, and as gold has no counterparty, difficult to get to by all including self, troublesome to leverage, almost impossible to wager, and so it is good as we stand at inflection point when one sovereign is about to forfeit its status and no one is as yet ready to maintain universal order, in other words a dark interregnum will soon be, gold without counterparty becomes the two monetary parachutes on a doomed plane with two hundred passengers iow, gold is the metallic ticket to opt out of a deep monetary cleansing, for gold through the ages had allowed many of its owners to sidestep revolutions of all kinds paper never made it across any dark interregnum as to education, yes, it is an investment, if in the correct subject, also a consumption, if frivolous, but savings it definitely is not at times one does not have to take a lot of risk to 'get rich', as you put it; one merely has to be astute and agile and not dogmatic, and not deliberately cooperate with a fraud when oneself is the sorry mark