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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: TH who wrote (100691)1/17/2009 2:20:30 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 110194
 
TH,

i think gold is a play for when people lose confidence in currency, period. right now, they haven't.

the question is, will they?

we all have to make our own judgements.

having said that, the world *will not* be a pleasant place when currency has no confidence. in that sense, be careful what you wish for.

gold is almost an insurance policy. if it doesn't sky rocket, the world is probably a decent place to live. if it sky rockets, the world may no longer be so nice.

also, gold is up from $250 about 8 years ago, right? that's a big move up. few things go up linearly.

thanks for the recommendation. where do you store your physical gold?