View Single Post
Old 02-20-2010, 12:54 AM   #13
Northern Boy
Avalon Senior Member
 
Join Date: Oct 2008
Location: On this Rock
Posts: 1,390
Default Re: looking for advice on gold...

So gold purchase is based on fear then. And anyone buying gold are scared that they might become penniless should the dollar fail.............

HMMM so not to get personal here only those that are scared or allowing fear to dominate them would buy gold . Its just a rock we give value to its no different then paper money except soon that worthless paper will become a valuable bathroom commodity try wiping your but with a gold bar.

After 9-11 one of the first things traders not caught in the towers thought to themsevles was that gold must be going through the roof and it did those in gold doubled their money that day . With all the gold being controlled the way it is there is not enough gold to meet the demand that has been sold . when gold is bought you get a certificate not the actual gold unless you buy coins and then you are overpaying for them
Northern Boy is offline   Reply With Quote