What politicians do

[RobinQuillonsHair]

The same folks buying up gold today were buying condos in Florida in two years ago.

When you start seeing infomercials touting hot investments...

[RobinQuillonsHair]

Doubtful Robin

Last year the ads were offering "Cash for Gold".  The stock market was down, recession was beginning and the value of gold was down.

Today the ads are telling you to "Invest in Gold".  The stock market is moving back up, bank deposits are paying 0% and I'm betting that those who paid cash for gold last year have realized that its value has peaked and it's time to cash out.

[Wiener]

Gold is only worth whatever someone will pay you for it.  Just like a Mickey Mantle baseball card.

It could be worthless tomorrow.

"You talk like someone whom has a paper azzhole."

[hackster]

for centuries, not just here, but worldwide, gold has been the standard that currencies are backed up with.
ink on paper and 1's and 0's on a computer ARE worthless.

gold value is international... dollars are not (and becoming even less so).

like it or not... head in sand... the dollar is in BAD shape... even while we ponder to go astronomically in debt to pay for obamacare.

nero is fiddlin' y'all.

Financial Times, Nov. 3, 2009 -
India government buys 200 TONS of gold, in effort to lessen dependence on U.S. dollar
http://www.ft.com/cms/s/0/0eaa4a80-c856-11de-a69e-00144feabdc0.html?nclick_check=1

"India’s decision to exchange $6.7bn for gold equivalent to 8 per cent of world annual mine production sent the strongest signal yet that Asian countries were moving away from the US currency."

[Wiener]

American must be removed from her place of leadership and power in the world to make room for someone new which is going to be China.  Welcome to the NWO.

[RobinQuillonsHair]

Sorry hackster. 

Gold is merely the current flavor of the month. 

American currency is backed by our military. 

[hackster]

Sorry hackster. 

Gold is merely the current flavor of the month. 

American currency is backed by our military. 

uhhh... tell China that.

[RobinQuillonsHair]

If I ever need to buy something on ebay from China I better have some gold.

Got it.

[Wiener]

In this case I think Robin is right on.

When since history has been recorded for man has Gold ever not held a value??

Now spices and things of the luxury sort may make a hugh come back depending on how far we let ourselves fall.

[hackster]

financial people smarter than me are buying gold (see first link)... whether you think it's valuable or it's worthless... they're buying it up.
like i said before- last week india's government bought 200 tons of the stuff.

as wiener said, it's been the standard of monetary value for millenia...
only in the last hundred years have we decided we like paper and colored ink better.

http://www.forbes.com/2009/02/02/gold-mining-dairy-personal-finance-investing-ideas_0202_gold_stocks.html

http://www.cnbc.com/id/28046629

http://www.marketwatch.com/story/chinas-gold-buy-raises-eyebrows-for-right-reasons

http://www.reuters.com/article/usDollarRpt/idUSN1440639620090914?rpc=64