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flangelet (November 30, 1999 at 12:00 am)
All commodities are manipulated. Human beings supply demand them. QED
Bank settlements are NOT in gold.
They're in paper or digital.
No gold moves around the world... didn't you know that? Reserve staff simply replace the little card resting atop a bullion pile that says 'property of Saudi Arabia' with one that says 'property of China'!
Bank settlements are in whatever they want them in; typically it's currency.
You're not american?
Congratulations. A wise choice!
edmack4me (November 30, 1999 at 12:00 am)
The point is that precious metals ARE manipulated ... that is the point. Further Central Bank settlements ARE IN gold NOT fiat currency. Even they don't want ponzi rubbish.
Finally I am not American.
experimentsingeekdom (November 30, 1999 at 12:00 am)
Go read your history first before blabbering out in public, you idiot.
experimentsingeekdom (November 30, 1999 at 12:00 am)
I think David is too optimistic. You shuld be in 90% Gold, not 5-10%.
RyuDarragh (November 30, 1999 at 12:00 am)
That's what I have been telling the "Gold" crowd for a while. Gold's only value is what is the agreed upon price. It does *not* protect from inflation, speculation or outright theft. You could as easily substitute Platinum, Iridum or any other metal at all. The #1 thing it does *NOT* protect from is "Fractional Reserve Lending" and "Credit", the two worst evils launched upon us by the bankers of the world.
edmack4me (November 30, 1999 at 12:00 am)
You guys just don't get it. There is enough gold it's the amount of currency per oz of gold. What about 10,000 Euros per gold oz. After all currency is a mental construct. You can drop the '0000''s and call the new Euros with some many new Euros per gold oz.
flangelet (November 30, 1999 at 12:00 am)
What do YOU eat? Small pebbles and bent twigs?
edmack4me (November 30, 1999 at 12:00 am)
You do not understand, money. Many things are important to our survival and comfort but they are not money.
flangelet (November 30, 1999 at 12:00 am)
I AM aware of gold... I watch the gold price quite often, spot and traded option, perhaps more than you do!
I just IGNORE IT because it is unimportant, illiquid and falling in price in spite of the worsening conditions. The major economies are NOT interested in it and rumours of Chinese bank bulk buying is garbage, jewellers have an overstock and the Indian Dowry industry is dying on its feet!
DYOR (do YOUR OWN research)
flangelet (November 30, 1999 at 12:00 am)
ROLL UP! ROLL UP!
Lose money NOW!
Toss away your hard earned moolah for worthless shit, RIGHT NOW!
Yes folks! You too can lose money like the professionals!
Be another Lehman brother! Shit up your own leg the ENRON way! Fumble for your loose change with Madoff!
Buy into these lose-your-money-in-exchange-for-shinyshit(TM) schemes and live long but don't prosper!
Ya know it makes no sense BUT do it anyway for jesus!
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