[quote=scaredycat]allan took the article out of context because it doesn’t fit with his worldview, a normal worldview. i dont have the citations handy, but use your common sense. gold holds value. it was always valuable and it always will be. it may not provide a great ROI but it always is and always will be exactly what it is. gold. ya cant make it. you cant print it. it’s the single strongest financial performer in the universe. allan can pull up a couple points of data on the graph froma measly few decades. im talking about the freaking history of man freaking kind. and when things get ugly. when the normal world view doesnt work? gold hits its stride and pays off. you may say, oh it’s been in the news, it’s over done. you may be right. but to say it’s not historically a strong holder of value, is well, IDIOTIC. maybe even financially mentally deficient. im not saying you’ll “profit”. but it’s defintiely a store of value. no one who really believe sin the system we have, the powers that be, like that. the old phrase, HE WHO HAS THE GOLD MAKES TEH RULES .. i dunno what it all means. but if our fake digitized money system suddenly seems faker to people generally. if faith deterioriates. if the full faith and credit of the united states seems to hinge on our faith that the printing presses can be crnaked up fast enough…. gold may rule the day for a while. and even if it don’t, just that sense that the system could disintegrate, just that sense that the govt is lying to us and that there is no certainty that those dolalrs will be worth much next year, which is not unique to our time and place, it is always with us, always with man and these dumb financial systems he creates, means gold will always have a place as money. it is MONEY. fiat is interesting. but gold means something to all men at all times.[/quote]
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”.
