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The Misfit Absinthe Forum > The Town Square > The Public Eye
1888
... to the radio as much.

But if there was something out there to fuel my paranoid engines, it's the sudden and sharp increase in the value of Gold and Silver.

As I write this, I just checked and Gold is at $522.00 / oz. - Silver is at $8.97 / oz.

These mark the highest values in 24 years.

"Gold prices historically rise when faith in paper currencies erodes, as investors seek the intrinsic value of gold to protect themselves from inflation. It’s interesting to note that while the U.S. dollar has regained some of its value relative to other paper currencies like the euro, it continues to lose value relative to gold and other hard assets. This shows the folly of using one fiat currency to value another.

Gold is history’s oldest and most stable currency. Central bankers and politicians don’t want a gold-backed currency system, because it denies them the power to create money out of thin air. Governments by their very nature want to expand, whether to finance military intervention abroad or a welfare state at home. Expansion costs money, and politicians don’t want spending limited to the amounts they can tax or borrow."
Kirk
I've seen more hitch hikers in the last 3 months
than I've seen in 30 years.
1888
What are hitchhikers?

Are they like boonloggers?

If you mean those that are telling you that you must be mad not to invest in Gold and Silver, I'd say 'Yes... it sure seems like there's this mad rush to propagate that idea'... but what if they're right?

This must drive you nuts because it's the main commodity of your craft but I'd really be interested in hearing what you think on all this rickrackruckamaroll... and you really do nice work.
CelticGent
gas, grass or ass - nobody rides for free
Kirk
Yeah,
more hitchhikers on the highway.
On the internet instead of getting spammed with offers of a free Rolex
they are sending me offers for free blue jeans or a tank of gas.
I'm telling you the economy is turning sour, they think I am lusting for work clothes.
Two years ago I had my wife quit putting money in her 401k plan,
instead I had her buy bullion.
I wouldn't be surprised to see gold hit $800 an ounce within 2 years.
It's volatile as hell though, don't invest in it. Silver is a better bet.
As far as my business it does drive prices up but it doesn't seem to stop people from wanting jewelery. I think they begin to see it as an investment as prices rise.
Buying expensive jewelery is never really a good investment,
it may always be valuable but unloading it is a trick.
Having nice jewels is a real pleasure, not an investment.
Absomphe
There are a few sheiks out there who might disagree with you.
CelticGent
The shareef don't like it
Absomphe
rock the casbah!
1888
I found this via one of my nutty inner'net sources...

The Asian market is pretty much driving the price increase in Gold.

Remember China recently unpegged its currency from the US dollar?

What if China decides to put its currency on a gold standard?

The author of this article I read suggested that if that were to happen, then we should quickly learn how to say 'How can I serve you Master' in Chinese.

Crosby
C'mon Bucky, you're slacking. angrysoapbox.sml angrysoapbox.sml angrysoapbox.sml
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