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


To: golfer72 who wrote (95797)10/23/2012 7:45:31 PM
From: TobagoJack  Respond to of 217983
 
we are optimists
- we are optimistic that capped gold would allow us to keep saving gold
- we are not hoarding ammo and canned food
- not too hot not too cold should be just right for us, a fair return every year, year after year
- some kind of wonderful



To: golfer72 who wrote (95797)10/23/2012 11:57:50 PM
From: Maurice Winn1 Recommendation  Respond to of 217983
 
Golfer72? Born in 1972? Age 72? Best round ever 72? Some other choice?

TJ's approach to gold seems most rational [if having decided to dabble in gold]. Be ready for the worst, hope for the best, buy gold if gold bugs are giving up and prices fall "too much". Treat it as tax-free savings rather than investment.

I'm with Warren Buffett - I really can't see the point in moai making whether they are made of gold or rock. Maybe it's fun to do, like playing golf, which also comes with no return on investment other than fun at the time. At least with digging gold instead of golf balls, one gets some shiny baubles at the end of the day which should last for generations. Old golf score cards are worth less than the paper they are written on.

My plan is to render gold obsolete. If successful, gold will become just another rare metal with particular physical and chemical characteristics. It will be worth about $700 an ounce [TJ's cost of excavation plus a bit of profit].

Mqurice