RodSpeed, how is gold doing in your neck of the woods?

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Posted by Quality_is_job_one on December 20, 2007, 3:16 pm
 
http://www.lvrj.com/news/9893062.html

Posted by Rod Speed on December 20, 2007, 3:44 pm
 

Nothing special.



Posted by Quality_is_job_one on December 21, 2007, 11:06 am
 
I find it interesting that gold is treated so bi-polarly. I think it
useless save industrial/technical applications but people around the
world have been drawn to it because of its luster and symbolism. I
think we should all start collecting copper. Not as valuable per ounce
as gold, but has a huge market  for a lot of folks and used in
electrical and plumbing and cookware.

Posted by Rod Speed on December 21, 2007, 1:15 pm
 

Only by a tiny minority. Anyone who understands
the basics just treats it like any other commodity that
sometimes has some advantages and often doesnt.


Its not that so much as it has real advantages when the political system
is so completely off the rails that the currency is a complete dud.

Its also much more portable if you are a refugee on a small boat
leaving SE Asia etc from a country where you cant use the usual
ways of moving your savings out of that country as you leave etc.


Its never worth collecting any commodity now. People like us are
in a situation were we dont need to collect any commodity anymore.


Thats not what determines the value of any commodity.
Its always the supply/demand that matters.

The world economy aint gunna collapse, you watch.

The US economy isnt going to either.



Posted by Dennis on December 21, 2007, 6:13 pm
 On Fri, 21 Dec 2007 08:06:50 -0800 (PST), Quality_is_job_one


Not to mention ammunition.

Dennis (evil)
--
What government gives, it must first take away.

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