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

To: TobagoJack who wrote (57499)	11/5/2009 1:55:31 AM
From: Maurice Winn	2 Recommendations Read Replies (1) \| Respond to of 217645

Yes, yes, TJ, blah blah blah... <gold requires no guarantee from any one, be they individuals, corporates, or nation states, full stop, for gold is its own guarantee, elemental, honorable, indestructible, and sovereign. > but people still seem to find reasons to measure it in US$ terms as though gold is not totally sovereign. Kings don't normally worry about irrelevant units of measure. I have even observed some individuals in this very stream getting excited about US$1000 per ounce as though it meant anything at all. My house seems to be more sovereign than your gold. I have little idea about the current price in US$ at any particular time and little awareness of its price in NZ$. I was shocked a few years ago when a real estate agent told me what it's worth - it was about then that I decided house prices were over the top and were out of kilter and it was perhaps time to pass it on to somebody more enthusiastic about owning a house. But the transaction costs, moving and whatnot are problematic so it was easier to ignore people with price signs wandering past the gate and treat it as a weatherproof habitat. I couldn't say right now what this house would sell for in US$ to within 20%, or maybe 30%. You have gold priced in US$ to a much finer point than that. So come now TJ, ignore the common realm of Zimbabwe style monetary units and focus on more important things. Such as QCOM share price... no wait, ignore that... profits were down ... argghhh... so the share price tomorrow is probably NOT going to be up in either gold or US$ terms. Since QCOM is less weatherproof than my habitat, it needs to earn profits sufficient to compensate for rain leaking onto my head. So I'm more interested in the share price/profits. Mqurice