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


To: Andeveron who wrote (41143)10/11/2008 1:51:33 PM
From: prometheus19764 Recommendations  Read Replies (1) | Respond to of 217881
 
"If the world falls into economic ruin or maybe just disarray where traditional systems of exchange are no longer honored, it is a certainty that gold becomes a liability rather than an asset."..

That is just silly in so many ways.Gold IS the traditional system of exchange,lol.But that's o k ,i already have your allotment.

regards,P1976



To: Andeveron who wrote (41143)10/11/2008 5:38:41 PM
From: TobagoJack1 Recommendation  Respond to of 217881
 
:0)
i will make sure to tell what you wrote to any zimbabwe financial refugee crossing my way

to paraphrase nixon, we are all zimbabweans now

as to gold being heavy, makes one a target, and has no nutrition, i might also add that

gold is heavy, cannot be printed, makes you a target for gold reasons, and is not fattening

as to gold losing value in face of systemic, rotting, and dire confidence-vaporizing crisis, it would be the first time that would happen

it could happen that way, but i understand gold was quite valuable in carthage right up to the moment when all got salted, and stayed valuable afterwards for a few thousand years

as to using intrinsic value and gold in the same sentence, perhaps there is a misunderstanding by you of my position

gold is ordinarily not useful to me, for i am happy with silver wires, have perfect dental structure and parts, and do not wear gold jewelry because i prefer platinum

a parachute is also not useful to me, ordinarily, and its intrinsic value is no more than a rubber raft, as far as i am concerned, but a parachute does have its single use when needed, for a situation that all parachutes are destined for, at least once

at the moment, the paper trade in parachute is tepid in pricing, but more rather than less firm in relation to all the other luggage on the plane, but the physical trade in parachute has effectively seized up

previous lending policies by parachute hoarders have been terminated

are you not concerned ?

:0)

the neat thing is our debate will be settled, and the stakes are very much for real, with a free history and economic lesson thrown in for a dear price

it would be counter intuitive, as far as i fear, to sell gold for paper shares, houses, or anything else at this juncture

the exchange of gold for goodies will happen, later, when the screaming in the arena is stilled, and when ... oh, i best not get too graphic

cheers, tj



To: Andeveron who wrote (41143)10/11/2008 8:14:07 PM
From: Arran Yuan  Respond to of 217881
 
LOL!

Very strong logic in your way! Wish you the best of luck.



To: Andeveron who wrote (41143)10/11/2008 8:38:01 PM
From: Webster Groves1 Recommendation  Respond to of 217881
 
You forgot that old standby -
"dollars are better than gold in a crisis because you can burn 'em to stay warm".

wg



To: Andeveron who wrote (41143)10/12/2008 3:46:19 AM
From: Haim R. Branisteanu  Respond to of 217881
 
well said - unfortunate to many on SI do not get it, but also remember is nothing wrong to diversify and still have some gold coins around for bragging and to get some satisfaction and have your wife happy wearing her gold jewelry <GGG>