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

To: maceng2 who wrote (12526)	10/14/2008 6:43:21 AM
From: Fun-da-Mental#1	Respond to of 50119

Botox, if you take that second chart of comparative purchasing power and substitute in any other commodity for gold, it will look about the same. Have you heard of the gold:oil ratio? It's an old rule of thumb that says typically the price of an ounce of gold is about 10 times the price of a barrel of oil. If that doesn't prove gold is a commodity, I don't know what does. Except maybe the fact it's a metal that's mined out of the ground. I'm familiar with the arguments that gold is a currency not a commodity. But then what about silver? What about copper - they used to make coins out of that, and in fact they still do. What is the difference, other than the fact that copper is worth less per ounce and therefore is harder to carry around? What about oil? Oil is traded around the world and is immediately convertible into any currency at a standard rate, so you could just as well say oil is a currency. But no one would deny oil is a commodity. Fun-da-Mental

To: maceng2 who wrote (12526)	10/14/2008 11:37:26 PM
From: maceng2	Read Replies (2) \| Respond to of 50119

Do gaps get filled? Where TA rules there is a tendency that they do imho. Especially if there are some big guys who figure they can perhaps make some money by testing them. 1 year spot gold. 5 year spot gold. Being a J6P I don't have a lot of money sitting around doing nothing, however, I have mustered every penny I can that could possibly be construed as being excess to immediate needs and placed in a position to buy gold and maybe silver. Should any testing of gaps occur, I will be buying in thirds, with an additional small cash reserve if and when that gets used up.