madness, total fiscal madness

[eastendlu]

Originally Posted by Slipknot

they are heading us in the wrong direction it seems for sure
It's a shame Ross Perot had thin skin back then when the country still had a chance

Ben, gold? why buy now?

The rule of gold "The one with all the gold makes all the rules"

[fishpoopoo]

bruce,

the supply of gold is hard to increase. it has to be mined and is of limited quantity.

gold sticks around. gold doesn't corrode. it doesn't evaporate at room temperature or otherwise degrade. gold endures.

while the supply of funny paper money is theoretically endless.

buy gold when it settles back down to $750/oz (spot), which implies StreetTrack Gold Shares ETF (ticker: GLD) price of $75 or lower.

it's difficult to come up with a formula to value gold.

but, at the end of the day ..

more funny paper money means that gold goes UP.

the pundits are saying gold could hit $2,000/oz if this keeps up.

[Backbeach Jake]

Originally Posted by fishpoopoo

bruce,

the supply of gold is hard to increase. it has to be mined and is of limited quantity.

gold sticks around. gold doesn't corrode. it doesn't evaporate at room temperature or otherwise degrade. gold endures.

while the supply of funny paper money is theoretically endless.

buy gold when it settles back down to $750/oz (spot), which implies StreetTrack Gold Shares ETF (ticker: GLD) price of $75 or lower.

it's difficult to come up with a formula to value gold.

but, at the end of the day ..

more funny paper money means that gold goes UP.

the pundits are saying gold could hit $2,000/oz if this keeps up.

Which is pretty close to where it should be now. Gold IMHO has been undervalued since they deregulated at 34 bucks.

[Swimmer]

Thier was a show on the other day, might have been "how its made", that went from the mine to the ingot. It was facinating.