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If you were going to buy, what # would you wait for? It's around $600 now.
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Long time member @ Apolyton
Civilization player since the dawn of time -
Lancer, WHY is it going down? What rational explanation do you have for this? -
Yeah, I too want to know before I'm going to sell out of my "collection"
PS. Is there a antiquital addon if it can be proven that they where fished up from a deep german lake ?With or without religion, you would have good people doing good things and evil people doing evil things. But for good people to do evil things, that takes religion.
Steven WeinbergComment
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What's going to be funny is when people lose their fetish for diamonds. That's the only thing that gives them value. Let's make it...I don't know, granite that we like instead.
Life is not measured by the number of breaths you take, but by the moments that take your breath away.
"Hating America is something best left to Mobius. He is an expert Yank hater.
He also hates Texans and Australians, he does diversify." ~ BraindeadComment
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I never understood why people would buy gold - because they have no faith in "paper" currency, which has no "real backing"? The value that gold has exists in the same way as that of regular cash. Really stupid.Comment
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Gold has been a good bet against high inflation. Though its probably the same with many precious metals.“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)Comment
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Verto, never underestimate the power of psychology
<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.Comment
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It works because there are a lot of people who have the same beliefOriginally posted by Verto
I never understood why people would buy gold - because they have no faith in "paper" currency, which has no "real backing"? The value that gold has exists in the same way as that of regular cash. Really stupid.
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I prefer silver. Easier to buy, easier to sell, less of a hassle overall.No, I did not steal that from somebody on Something Awful.Comment
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Tell us all about if and when your bank doesn't have the cash to pay you out on your account.Originally posted by Verto
I never understood why people would buy gold - because they have no faith in "paper" currency, which has no "real backing"? The value that gold has exists in the same way as that of regular cash. Really stupid.(\__/)
(='.'=)
(")_(") This is Bunny. Copy and paste bunny into your signature to help him gain world domination.Comment
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... or when your currency goes into the crapper, and all those bills you're holding can be loaded in a wheelbarrow to buy a loaf of bread.(\__/)
(='.'=)
(")_(") This is Bunny. Copy and paste bunny into your signature to help him gain world domination.Comment
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Well, while the value of both gold and currency are both ultimately silly, in a way gold is less so.Originally posted by Verto
I never understood why people would buy gold - because they have no faith in "paper" currency, which has no "real backing"? The value that gold has exists in the same way as that of regular cash. Really stupid.
A government has the option of printing arbitrary amounts of more money, thereby reducing the value of the money you hold. Because of the current US deficit some people worry that the US will have to start printing more dollars in the not-too-distant future.
There is no way to create new gold, apart from a small and predictable amount of mining. So the gold you own does not run the same risk of inflation at the mercy of governments.http://www.hardware-wiki.com - A wiki about computers, with focus on Linux support.Comment
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I LOVE this ideaOriginally posted by SlowwHand
What's going to be funny is when people lose their fetish for diamonds. That's the only thing that gives them value. Let's make it...I don't know, granite that we like instead.
I have granite countertopsYou don't get to 300 losses without being a pretty exceptional goaltender.-- Ben Kenobi speaking of Roberto LuongoComment
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Well, gold is infinitely more useful than paper money. Even if people didn't use it for jewelry, it's still useful in making modern electronics.
Paper money isn't even as good as cheap toilet paper should it become worthless
"The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
-Joan RobinsonComment
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Turkish paper money is cheap and good toilet paper. Especially since there is often no toilet paper....at least when I was in Istanbul (last century).Paper money isn't even as good as cheap toilet paper should it become worthless"Football is like chess, only without the dice." Lukas PodolskiComment
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