Gold global perspective

The most important facts you should all know:

1) The huge short positions which will provide both fuel and floor for
this great gold bull market.

2) The emerging dispute between central banks themselves regarding the
gold reserves.

3)Thousands years history of gold as money.

4) Depleting gold reserves and stagnating to declining gold mining
production that even the most sophisticated technology could not
improve.

Gold global perspective

Re: Gold global perspective

If I buy gold, what can I use it for?

I suppose it would be nice to tell people I have some.
I'm not a jeweler so I can't make a ring out of it.
I can't spend it at my supermarket.

Just what the heck is it good for?

Re: Gold global perspective

Ed wrote,

"If I buy gold, what can I use it for?

I suppose it would be nice to tell people I have some.
I'm not a jeweler so I can't make a ring out of it.
I can't spend it at my supermarket.

Just what the heck is it good for? "

Howdy Ed,

All I can think of is 2 reasons. The first may or may not apply, but
some folks take comfort in having a bit of gold in their overall
portfolio - perhaps as a hedge against inflation, or perhaps just sort
of comforting. For this type of investment, I'd suggest 2-5% - again
very small.

The second is TO MAKE MONEY. Pure speculation that the POG will go up
and your purchase at a lower number makes you appreciative gains.
Granted, it doesn't pay interest, nor a dividend, but neither do most
growth stocks. Think of gold like a growth stock - you're hoping for
the appeciation. That' s it, pure and simple. Just basic speculation.
And while I can't speak for you, I'm here to make money. I don't
really care much how I make it - what sectors I invest in, what stocks,
what other investment types - just that it has a ROI. As for gold,
well, it's had a good ROI for me for these past 3-4 years and it's
still working. Do I get interest? No. Dividends? Not really. Is it
appreciating? Yeppers, both gold and silver have already doubled.
Works for me.

peace,

rono

Re: Gold global perspective

Ed wrote:

> If I buy gold, what can I use it for?
>
> I suppose it would be nice to tell people I have some.
> I'm not a jeweler so I can't make a ring out of it.
> I can't spend it at my supermarket.

You can exchange gold for paper money at a lot of places.


>
> Just what the heck is it good for?

Gold is money.
It does not depend on the "full faith and credit" of a government for
its value.
That's why it's prized in many other countries where stable government
has been a rarity.


--
Steven D. Litvintchouk
Email:

Remove the NOSPAM before replying to me.

Re: Gold global perspective

"Steven L." <> wrote

> Ed wrote:
>
>> If I buy gold, what can I use it for?
>>
>> I suppose it would be nice to tell people I have some.
>> I'm not a jeweler so I can't make a ring out of it.
>> I can't spend it at my supermarket.
>
> You can exchange gold for paper money at a lot of places.

I once exchanged old jeans and some books for paper money at a garage sale.
I think the people that bought these things got more pleasure from them than
they would get from gold.

Re: Gold global perspective

Ed wrote:

> "Steven L." <> wrote
>
>
>>Ed wrote:
>>
>>
>>>If I buy gold, what can I use it for?
>>>
>>>I suppose it would be nice to tell people I have some.
>>>I'm not a jeweler so I can't make a ring out of it.
>>>I can't spend it at my supermarket.
>>
>>You can exchange gold for paper money at a lot of places.
>
>
> I once exchanged old jeans and some books for paper money at a garage sale.
> I think the people that bought these things got more pleasure from them than
> they would get from gold.

Like I said, the U.S. has had a stable government and a reasonably
stable currency for so long that most Americans cannot imagine a
situation when the dollar would no longer be respected.

That's not true of many other parts of the world. How much was the
Iraqi dinar worth after the Iraq War of 2003?



--
Steven D. Litvintchouk
Email:

Remove the NOSPAM before replying to me.

Re: Gold global perspective

Ed wrote:
> If I buy gold, what can I use it for?
>
> I suppose it would be nice to tell people I have some.
> I'm not a jeweler so I can't make a ring out of it.
> I can't spend it at my supermarket.
>
> Just what the heck is it good for?

After you get the gold back, you take it to the pawn shop, where
they'll trade you an amp.

Re: Gold global perspective

"Ed" <> wrote in message
news:
> If I buy gold, what can I use it for?
>
> I suppose it would be nice to tell people I have some.
> I'm not a jeweler so I can't make a ring out of it.
> I can't spend it at my supermarket.
>
> Just what the heck is it good for?

Well...all that paper money in your wallet becomes worthless if you rip it
up...it IS just paper after all...true, it is paper that people are will to
change your oil or give you fresh eggs for.

Gold has numerous industrial applications I've heard, too....

D

Re: Gold global perspective

"Steven L." <> wrote in message
news:mT8Kf.962$
> Ed wrote:
>
>> If I buy gold, what can I use it for?
>>
>> I suppose it would be nice to tell people I have some.
>> I'm not a jeweler so I can't make a ring out of it.
>> I can't spend it at my supermarket.
>
> You can exchange gold for paper money at a lot of places.
>
>
>>
>> Just what the heck is it good for?
>
> Gold is money.
> It does not depend on the "full faith and credit" of a government for its
> value.
> That's why it's prized in many other countries where stable government has
> been a rarity.

A lot easier for Mr. Snow to print more twenties than to strike gold
coins....

D

Re: Gold global perspective

"Dave Hannes" <> wrote

> Gold has numerous industrial applications I've heard, too....
>
> D

Not like silver. When I was a kid I worked for GE in a wire mill. The
government wanted some gold wire, it came to us with 6 heavily armed men.
Two big spools of gold. Maybe half inch in diameter, maybe 1000 pounds on
each spool. We had the wire drawing machines that would stretch it out to
the desired size. When they were finished they even took the dust from the
coolant trays.