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  1. #11

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    Hell yeah! Hell no!
    Quote Originally Posted by Mr_Mantis
    O! An I'm not talking about mining equities. I am talking about bars of these metals.
    over the last 20 years or so ... gold has proven to be one of the worst stores of value possible ... even with the recent rise of precious metals ... almost ANY other reasonable investment would have generated higher returns ...

    buy gold if you want when it's low (and it isnt now) ... but NEVER EVER EVER keep it in the longer run ...
    totoro-san ... world sushi munching champion ...


  2. #12
    Mr. Mantis's Avatar
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    Hell yeah! Hell no!
    Gold and other precious metals are not for making money with in my opinion, but rather they are to be used as a safety net. If the economy goes to **** and the dollar becomes worthless, you can afford to live by using the hard currency.

    It is a reserve, not a primary investment type of thing. So if I could afford it (I can't) I would buy gold and keep it for these other purposes. But that's me.
    “We are surrounded by warships and don’t have time to talk. Please pray for us.” — One Somali Pirate.

  3. #13
    Thaiboxerken's Avatar
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    Hell yeah! Hell no!
    You can buy gold by dollar amounts at various places. I, for example, have 13 dollars worth of gold that I own.
    "Those who can make you believe absurdities, can make you commit atrocities." – Voltaire.

  4. #14

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    Nov 2003
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    Hell yeah! Hell no!
    Quote Originally Posted by patfromlogan
    An economist tried to explain to me how the balance of payments, the giant national debt and the raise in interest rates to keep investors buying T-bills to pay off he national debt, the decline of value in USD will all lead to the coming US real estate crash. Any thoughts?
    In its simplist form...

    - - declining dollar requires higher interest rates to attract investors
    - - as interest rates increase so does the monthly payment on a mortgage of X dollars
    - - so people can afford less of a mortgage
    - - so demand for real estate deminishes
    - - and real estate prices decline.


    The actual relationship gets much more complicated (for example, in defining "interest rates"), but this explanation above captures the basic concept.
    Last edited by punchingdummy; 2/11/2005 9:02pm at .

  5. #15

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    Hell yeah! Hell no!
    if you ever need to use gold in the developed world ... then everything has gone to hell in a handbasket ... and you're better off with a gun and lots of ammo ...
    totoro-san ... world sushi munching champion ...


  6. #16
    Mr. Mantis's Avatar
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    Hell yeah! Hell no!
    Well, I got that already.

    I also make my own ammo. Good skill to know.
    “We are surrounded by warships and don’t have time to talk. Please pray for us.” — One Somali Pirate.

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