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im4aubie
(65.202.223.13) on 1/14/2008 - 9:28 a.m. says: ( 15 views
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"Gold - Still a Suckers Bet"
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CONTEXT ADDED BY ADMIN:
END OF CONTEXT
In the past 20-30 years, gold has lost a significant amount of value with regard to inflation. Comparing it to the dollar is a silly comparison in that most, if not all the people you're talking to aren't invested in the dollar.
The value of gold is increasing value because the new wealth in the economies of India and China is increasing a market demand. Gold is sociologically huge in India and many more people can afford it. Similarly, China.
Can you make money timing the market on the gold rise? Sure. You can do that with lots of things.
If you're hoarding gold simply to protect yourself during the [apparently imminent] end times. You might want to hoard some ammunition as well. Because the anarchy that makes gold so valuable is going to make it difficult to hold onto as well.
Enjoy.
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Poasting Like a Steriod Grown Champion
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