View Single Post
Old 11-11-2009, 06:02 PM   #49
Ring of Famer
Arkie's Avatar

Join Date: Oct 2003
Posts: 13,272

Originally Posted by Tombstone RJ View Post
The thing about gold is that yes, it's a precious metal but it's only real function is for jewelry or for hoarding in a vault somewhere.

In other words, it has no real use (yes, yes, there are some practical applications but overall it's a static commodity).

If everyone's economy tanks, if the world goes into a deep depression, if the US economy goes down the stink hole, what will all of this do to the price of gold? In other words, who is gonna want gold and why would they want it?

What does it matter if you have a billion $ in gold if no one can use it?

I'd rather be financially vested is something that everyone NEEDS. Titanium, platinum, etc...

Just saying...
The federal reserve note has no more real practical application than gold. It's just paper if it ever gets to the physical realm. Hundreds of trillions never leave the digital realm of abstract digits. It's mathmatically impossible to repay the black hole of debt, but they will continue to inflate the dollar into nothing.

Arkie is offline   Reply With Quote