tag:blogger.com,1999:blog-11719208.post2363474022664552633..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: The real reason to own goldTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-11719208.post-4672370970623296792008-10-17T11:59:00.000-07:002008-10-17T11:59:00.000-07:00Strange, I must be getting old. I remember at the ...Strange, I must be getting old. I remember at the end of WW2 [the big one]in Japan the merchants stopped taking gold and silver for goods. Their registers were full and no one to sell it to. they would take our cigarettes, chocolate bars etc. and any of our food products. Amazing, again it's food, clothing and shelter. Any of you smart guys figure out what a case of tuna fish has increased compared to inflation? Soap and water. People will pay well in desperate times. Keep your swimming pool filled and chlorinated. Have fun guys. Mr. BAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-18707991994418333442008-10-15T15:23:00.000-07:002008-10-15T15:23:00.000-07:00I say, huh? Printing money is precisely the doom a...I say, huh? Printing money is precisely the doom and gloom that 'we' speak of....just drawn out a bit more. Sooner or later...well, the later has arrived and it don't look good for the home team. <BR/>There is no way out of this mess big Al has gotten us into..other than to get rid of big Al (now chopper Ben) and his crew of banksters. EOS. Fini. Done. Got it? Credit cards are next up on deck waiting to bat.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-7727353618070511652008-09-25T10:50:00.000-07:002008-09-25T10:50:00.000-07:00I never knew much about gold until the end of last...I never knew much about gold until the end of last school year i did a report on it...dont ask why...good article though. A site I found back then for the report had a small video section on gold that is pretty useful as well, <A HREF="http://www.answerstv.com" REL="nofollow">AnswersTV.com</A>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-22466948779607563302008-09-25T09:05:00.000-07:002008-09-25T09:05:00.000-07:00One of the smartest things I ever did was to "tap"...One of the smartest things I ever did was to "tap" our home equity in 2003 to buy gold coins.Timhttps://www.blogger.com/profile/16530974968126497397noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-28176611915936244662008-09-25T08:57:00.000-07:002008-09-25T08:57:00.000-07:00I was just quibbling with one of your points: that...I was just quibbling with one of your points: that the value hadn't significantly changed as a result of the recent crisis. <BR/><BR/>Hey, I agree with you in general - in 2005, I took what was going to be a house down payment and put shiny coins in a box instead.<BR/><BR/>At the rate things are going, instead of a down payment, it's going to be a whole house.Jim Driscollhttps://www.blogger.com/profile/16606979558052941699noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-84230487662551551732008-09-25T00:53:00.000-07:002008-09-25T00:53:00.000-07:00It's better than paper.It's better than paper.Danhttps://www.blogger.com/profile/14611189349119964821noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-84599910615682913092008-09-24T23:02:00.000-07:002008-09-24T23:02:00.000-07:00Some of us just like shiny things...Some of us just like shiny things...donnahttps://www.blogger.com/profile/00762690167864156774noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-1627316226267818712008-09-24T17:17:00.000-07:002008-09-24T17:17:00.000-07:00Well done, as usual Tim. I never did "get" that en...Well done, as usual Tim. I never did "get" that end-of-the-world thinking.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-15356197644859328042008-09-24T16:38:00.000-07:002008-09-24T16:38:00.000-07:00Jim - I think you're helping to make my point. Or,...Jim - I think you're helping to make my point. Or, maybe not.Timhttps://www.blogger.com/profile/16530974968126497397noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-59435336477959205062008-09-24T15:25:00.000-07:002008-09-24T15:25:00.000-07:00Increased only a little bit? It went from 740 to ...Increased only a little bit? It went from 740 to 900 in less than two weeks.<BR/><BR/>That's not an inconsequential change.<BR/><BR/>Of course, it was above 900 2 months ago, but that was a different stage of the crisis - the deflationary stage, before the gov't announce their new dollar debasement strategy.Jim Driscollhttps://www.blogger.com/profile/16606979558052941699noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-27610035337412539282008-09-24T14:44:00.000-07:002008-09-24T14:44:00.000-07:00Great post! I think you hit the nail on the prover...Great post! I think you hit the nail on the proverbial head when it comes to the "real" reason to own gold. Anything can happen and Armageddon could come, but it's probably not going to come tomorrow and when it does come, even gold will likely be of little value.<BR/><BR/>The way governments continue to print paper to flood the markets as a panacea is the reason to get our hands on gold and even silver I think.Anonymousnoreply@blogger.com