It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by 1BornPatriot
reply to post by mayabong
I want you to buy a Big Mac with it... give it a try... and it does not exist if its in a computer its a electrons - which means it does not exist.
Originally posted by 00nunya00
reply to post by pityocamptes
Exactly how do precious metals not withstand the test of long-term investment? What does just-in-time production lines have to do with the fact that gold and silver hold their value? And can you comment on how the HUGE demand for silver in almost every single modern day electronic device affects the price? Or are you just going to insist this all "has an effect" that you're unwilling to actually explain?
People buying silver right now are not the "prospectors" in this scenario----that's the third-world kids mining the stuff. People who own precious metals are eventually the "merchants" albeit on a smaller scale. Your metaphor makes no sense in the modern world.
Originally posted by badconduct
reply to post by fixer1967
Gold will correct, but it will never crash. It will always have a value. Dot Com will crash, because it may become worthless.
Originally posted by badconduct
Market demand does not effect the physical demand, gas is a perfect example. Oil is down, gas is the same.
Originally posted by fixer1967
Originally posted by badconduct
reply to post by fixer1967
Gold will correct, but it will never crash. It will always have a value. Dot Com will crash, because it may become worthless.
Gold as of now 12 midnight 6/26/12 $1586.46
Lets say it dropped by half that is a lost of $793.23
Remember a crash you can walk or crawl away from is still a crash.
And even a fender bender can kill.
50% is a big drop but a 15 or 20% drop would wipe out billions of dollars.
It does not have to drop to $0 to be a crash
I just think tha some where there is a big load of gold that is going to get dumped on the market and the price is going to drop though the floor.