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Originally posted by Absum! Foods being the best because you can consume them even in the best of times.
People pushing gold right now are the scabs that want to drive the price higher.
Originally posted by Rigel Kent
It makes me smile when people give out financial advice on here without posting any links to substantiate their claims.
At the end of the day, all you are expressing is your opinion.
today gold is throgh 990 and silver is pushing 16, that is despite the dollar holding up.
i dont think that people who are buying gold now are doing so to buy food with it in the future, i think they are expecting the dollar to collapse and do noy want to be left with worthless paper.
Silver’s practical value to the ancients was essentially nil, but — rather like the peacock’s tail — the ability to expend resources on adornments was an important status marker. Silver’s value was derived entirely from its uselessness and scarcity, which made it valuable for being valuable in much the same way that Paris Hilton is famous for being famous.
Silver quickly became the primary currency. (though barley was still used as small change) of the rich, who could now “store value” indefinitely. We should pause here for a moment to make very clear the problem they were trying to solve and the nature of the solution. A small minority controlled such a large share of the society’s resources, so much more than they could consume, that they were forced to waste excess commodities, thus they sought to overcome the natural limitations of ecological productivity using a mixed metaphor in which short-lived organic commodities. (that fulfill biological needs) were “converted” into long-lived metallic ones(that fulfill social wants).
Originally posted by dolphinfan
I don't think gold is the answer. The folks out there hawking gold at the moment are taking fear and looking to make a profit, IMO. In any event, investment decisions should not be made by listening to a bunch of scripted news blurbs.
If you do choose to buy gold, you need to so some research on what you are buying. Much of the "gold" folks are selling is not actually physical gold, despite the joker on the commercial holding up a piece of it. Much of it is simply a synthetic security based on the speculative value of the gold. If you want to get gold, get physical gold. Get it in your hot hand and keep it in a safety deposit box or a quality safe. These firms will also look to sell you "safe keeping services". If they do, tell them to stick it and send you the metal and you do the safekeeping.