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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (5073)	12/2/2009 12:34:34 PM
From: Real Man	Respond to of 26251

Yes, it is insurance against chit hitting the fan in the most ugliest fashion involving bankruptcy of the government. A bunker, gold, guns, and land is the type. The price for that insurance is creeping up as things get uglier. Gold is NOT, and has NEVER been an inflation indicator. When SHTF, it regains its monetary role, as money sans anyone's debt. US dollar is the debt unit of US government of zero maturity, Euro is the corresponding unit in Europe. That's why the carry trade exists - fiat currencies pay interest, cause they are debt! Gold is not debt, so it does not pay interest, although technically there is such a thing, because gold is also a currency. It's negative at this time.

To: westpacific who wrote (5073)	12/2/2009 12:35:59 PM
From: KatayamaGorobei	Read Replies (2) \| Respond to of 26251

What's wrong with a house paid in full? Especially if it was paid for with YHOO stock sold in early 2000 <g>