What is Digg?7 Comments
- XanderDee, on 05/13/2008, -4/+12People do not understand gold they think it's a commodity for jewelry. Yes if you purchased in the 80s and late 70s it was over priced in dollars and you did not get your moneys worth but if you had gold any other time it remained the "store of value" that defines what money is.
Paper dollars can be printed at will thus diluting your savings to nothing. I will not convince you of gold in this comment but start learning about it before you do the hard way.
Google "Money as Debt" to start your education.
Remember this... in 1913 $20 Bill = 1oz of gold today that same $20 bill DOES NOT EQUAL 1oz of gold today. So did the $20 bill store your wealth or did gold? - arkuden, on 05/13/2008, -1/+8Great read... just very sad this kind of thing was allowed to happen and that corruption is so common now.
- KMye, on 05/14/2008, -1/+7"People do not understand gold they think it's a commodity for jewelry."
Gold's #1 use IS for jewelry.
$20 invested in 1913 at a paltry 4% annual would be worth $830 today. Hmm - RPliberty, on 05/13/2008, -1/+4Gold historically has a 10:1 ratio with oil so tampering aside, it should be over $1200/oz
- korvan504521, on 05/14/2008, -0/+2don't use that there complicated math thingies like "percent" and "interest" on the poor fella, you'll break his brain.
- XanderDee, on 05/14/2008, -0/+1You see you do not understand it's not an investment it's a store of value. I could not expect you to understand that. You have been conditioned for a long time to think Federal Reserve Notes is money heck it took me a months to fully understand it.
You have met my expectation, so I am begging you to take the time to understand it for your well being and the sake of your friends and family.
Finally keep this in mind if you decide to jump into gold and silver when everyone else is it's to late stay away from it. - KMye, on 05/14/2008, -2/+2By all means, investing in smaller gold exploration companies right now is smart, but buying any large quantities of gold at this price is risky verging on ***** stupid.
Anyway, I prefer not to get my financial advice from people fined for fraud and market manipulation.
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