In response to:

Finally, My Views on Gold

olerocker/bluesman Wrote: Dec 15, 2012 11:04 AM
Gold cannot be changed for cash at the banks, due to money is not backed by gold....it is more like the Hebrew shackle, it is only worth what people using if for thinks it is worth.....I place gold along with reverse morgages......in most cases a rip off.....since a bank won't exchange gold, you would have to go to some one like a pawn broker who will give you approx one half of what you paid.......
Ron781 Wrote: Dec 15, 2012 1:24 PM
Everything is only worth what someone else will give you for it. In Argentina during their extreme inflation days, when they were paid people immediately went to stores and spent it all on dishwashers, bicycles, whatever and then stored these items and sold them as needed for the current value of their currency. I am glad I have a fairly large garage, seems that may be where we are headed. One of the better investment vehicles over the years has been fancy Browning shotguns. Now that is a good thing to have both to sell and to protect your garage full of stuff.
Houziwang Wrote: Dec 15, 2012 11:28 AM
Meanwhile...in reality planet, gold is worth more than the US dollar...especially since Obamanomics requires mass printing of cash to "stimulate" the economy.
Joseph64 Wrote: Dec 15, 2012 12:00 PM
Relative to the price of gold, the value of the dollar has fallen 40% in value during the Obama years so far and show no sign of going back to the former levels. All those libtards who are looking at their 401k's and investment accounts think they are back to pre-recession levels but even if they are back to where they were before, they are still 40% behind because of inflation. Their account balances have to be 140% of what they were just to break even from where they were 4 years ago.
johnm h Wrote: Dec 15, 2012 11:24 AM
Actually you can sell your gold whenever you want and going to a pawn broker is the last resort or a quick way for thieves to dump hot items. If inflation goes wild gold may keep you alive. That is why it is wise to buy enough real gold to feed yourself and your family for a few months. Otherwise it's not a good investment, it's just a hedge which, increasingly, it looks like we might need.
McBurg Larry Wrote: Dec 15, 2012 11:09 AM
Actually, that's "shekel." Or were you trying to make a point?

“Naught is possessed, neither gold, nor land nor love, nor life, nor peace, nor even sorrow nor death, nor yet salvation. Say of nothing: It is mine. Say only: It is with me.”

-D.H. Lawrence

 



In the beginning, God created gold. And the free markets for them.

The creation of all gold- that which has come to symbolize money- was forged by nature out of a violent cataclysm of a stellar- and singular- magnitude, that was much bigger than a Facebook IPO.

Even today, scientists still do not agree how gold was created. 

They do know that...