Bangkoktraveler Posted May 21, 2011 Report Share Posted May 21, 2011 Most of the gold demand is coming from India (inflation 9%) and China. Are those your idea of stable markets? http://www.prlog.org/11503134-gold-prices-rose-as-chinas-invest-in-gold-surged-179.html I don't know why, but India is a very powerful country. People talk about China out shining the USA soon, but India could also be doing that in the near future. Link to comment Share on other sites More sharing options...
LizardKing Posted May 22, 2011 Report Share Posted May 22, 2011 About as good an idea as investing in tulip bulbs... Link to comment Share on other sites More sharing options...
chuckwoww Posted May 22, 2011 Report Share Posted May 22, 2011 People who sneer at gold just don't get it IMO. It's not an investment, it's insurance for people who don't trust paper money. The gold market is quite a small part of the broader economy. If you trust paper money you obviously don't need to own gold. Link to comment Share on other sites More sharing options...
Coss Posted May 22, 2011 Report Share Posted May 22, 2011 Same idea as property in NZ. The business moguls are beside themselves because the proles keep putting their money into housing, not the stock market. But when a company goes belly up, the stock is then toilet paper. A house and land, you can still live in, grow vegetables, run a few chickens and so on.... Link to comment Share on other sites More sharing options...
chuckwoww Posted May 22, 2011 Report Share Posted May 22, 2011 People have this stereotypical goldbug in mind. Crazy old geezer in a cabin with a shotgun. Hugh Hoy isn't like that at all Link to comment Share on other sites More sharing options...
ThaiHome Posted May 23, 2011 Report Share Posted May 23, 2011 People who sneer at gold just don't get it IMO. It's not an investment, it's insurance for people who don't trust paper money. The gold market is quite a small part of the broader economy. If you trust paper money you obviously don't need to own gold. I have never understood this insurance against paper money theory. Do people really think that if paper money were to truly collapse that having a piece of paper saying they own gold bullion in a vault somewhere or even having the gold bullion in hand is going to help them somehow? Think about what the world would be like if paper money were to become worthless. Certainly after some years of complete chaos, gold might become worth something again, but by that time, only the people with best weapons will have any of it. TH Link to comment Share on other sites More sharing options...
chuckwoww Posted May 23, 2011 Report Share Posted May 23, 2011 Oh it's totally irrational. There is no ultimate security but it provides an illusion. If enough people feel that way the price goes up. Link to comment Share on other sites More sharing options...
acockasian Posted May 23, 2011 Report Share Posted May 23, 2011 Gold, silver coins to be legal currency in Utah By JOSH LOFTIN Associated Press SALT LAKE CITY (AP) -- Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being "as good as gold." To make that point, they've turned it around, and made gold as good as cash. Utah became the first state in the country this month to legalize gold and silver coins as currency. The law also will exempt the sale of the coins from state capital gains taxes. ...... http://hosted.ap.org/dynamic/stories/U/US_BACK_TO_GOLD?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-05-22-15-23-20 Link to comment Share on other sites More sharing options...
cavanami Posted May 23, 2011 Report Share Posted May 23, 2011 There was a gas station in the USA a few weeks ago that was selling gas for $0.20 / gallon...if you paid with silver coins! ...this is the value of a real, hard currency!! Link to comment Share on other sites More sharing options...
ThaiHome Posted May 23, 2011 Report Share Posted May 23, 2011 There was a gas station in the USA a few weeks ago that was selling gas for $0.20 / gallon...if you paid with silver coins! ...this is the value of a real, hard currency!! You are of course using an advertisement for a metals investment company as your reference. TH Invest in Silver, Gold and Platinum - buy online now! Provident Home | Knowledge Center | Blog | Press RoomFor Your Future Order by phone 877-429-8790 7 am - 5pm Central Time Oregon Gas Station Accepting 90% Junk Silver as Payment May 17, 2011 Link in Economy Watch,Protecting your Wealth Link to comment Share on other sites More sharing options...
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