Scaredy: Trust me, my worldview is anything but normal. Nope, as always, you miss my point completely. It might be my mentally deficient inability to properly make a point, or maybe my being idiotic. Who knows?
As I pointed out in a rebuttal to you in an earlier post: Gold unfortunately has not always been a RELIABLE store of/measure of value. Rather, it has also fluctuated wildly in value and based on the customs, mores and politics of a given time and culture. You also miss the larger point of an ounce of gold buying a suit in Shakespeare’s time and Jefferson’s time: Gold’s value was NOT inherent, it was SET. Which is not to say that gold is worthless, but it completely defeats your argument of, “Hey, if I have a bunch of gold coins and the dollar collapses, I can buy Spam!”. Not how it works by a long shot.
And, don’t render opinions about things of which you know nothing. Figure out what my worldview is before making specious and unfounded pronouncements about it.
“It is better to keep silent and be thought a fool than to open one’s mouth and remove all doubt”.[/quote]
Allan,
Can you elaborate on your viewpoint? I know there are plenty of reasons why folks think gold is “safe” but I’m just curious what the contrarian viewpoints are.
From my perspective, potentially purchasing gold coins partly is an investment and partly a hobby (because they look cool), so I doubt I’ll be taking any significant position in it. But I would like you to expand your viewpoint for laymen like me because my curiousity on what they are.
One additional question I have is how does the gold compare to other world currencies? I don’t know, part of me can’t help think that the Euro will eventually disintegrate. I know it’s a wild idea, but I think in some parts of the EU, it’s much worse than here.
Edit: Never mind. You just did at 10:52am…Let me digest what you said.
