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


To: Chas. who wrote (72498)3/30/2011 4:55:31 AM
From: TobagoJack  Read Replies (1) | Respond to of 217752
 
besides, the plan of many / most bugs are to astutely convert gold into real estate when opportune, and
agilely transform gold into bonds / shares when best

we aim to sing "we own the world" to the tune of "we are the world"



To: Chas. who wrote (72498)3/30/2011 1:03:12 PM
From: Maurice Winn1 Recommendation  Read Replies (3) | Respond to of 217752
 
You would also be right if you said the same about houses in 2006 and Biotelecosmictechdot.com companies in 1999. <
If the buying/selling of Gold hadn't already made a million new millionaires as well as the Market then what you espouse might actually make sense...
>

Gold is a barbaric relic. It is worth what it costs to dig it up, just as is iron and bauxite. There is no magic. There is no free lunch. As a temporary money supply when people are feeling nervous, it gets some added value. But it's an absurd way to exchange value.

What's the marginal cost of production? That's what gold is worth, same as always. The rest is speculative fun. If I decide now to start digging up gold, what would it cost me to dig up 100 tons of the stuff? That's what gold is worth.

Watch.

Mqurice