eridani
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Tue Dec-21-10 02:43 AM
Response to Reply #73 |
| 76. Presumably that means you actually have your hands on the gold and silver? |
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What does it mean to have a piece of paper that says you own gold or silver?
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| -Hi fellow DUers. Quick question: Pls. tell me why gold is NOT the way to go now or why it IS |
secondwind |
Oct-05-10 07:22 PM |
#0 |
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it was the way to go when it was only $500/oz nt |
msongs |
Oct-05-10 07:24 PM |
#1 |
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Correct. The rule is "buy low, sell high". This is time to sell, if it's time to do anything. nt |
bemildred |
Oct-05-10 10:38 PM |
#16 |
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Why was early October the time to sell? |
Art_from_Ark |
Dec-23-10 09:58 PM |
#80 |
| -
Because markets can remain irrational longer than you can stay solvent |
Taitertots |
Dec-24-10 09:50 AM |
#83 |
| -
Sounds like you're actually talking about the NYSE |
Art_from_Ark |
Dec-24-10 08:40 PM |
#87 |
| -
You don't know how prices are calculated for stocks, bonds... |
Taitertots |
Dec-25-10 07:40 AM |
#92 |
| -
No, gold is nothing like Tech stocks in 2001 |
Art_from_Ark |
Dec-25-10 02:53 PM |
#100 |
| -
What's the p/e on net flicks these days? |
westerebus |
Dec-25-10 06:53 PM |
#102 |
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So it's only a good investment if you can triple your money? |
Art_from_Ark |
Oct-14-10 03:20 AM |
#48 |
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Gold |
bbinacan |
Oct-05-10 07:24 PM |
#2 |
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If the economy ever really collapses and takes the government with it |
FiveGoodMen |
Oct-05-10 07:30 PM |
#6 |
| -
Could be. |
bbinacan |
Oct-05-10 07:43 PM |
#11 |
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For what? How would tomato peddlers give you change? n/t |
eridani |
Oct-13-10 05:56 AM |
#34 |
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IMO, Gold is up, so buying gold now would be dumb. nt |
Lost-in-FL |
Oct-05-10 07:26 PM |
#3 |
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Tks, guys. |
secondwind |
Oct-05-10 07:26 PM |
#4 |
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Take some jewelry to a buyer and see what you get for |
Cleita |
Oct-05-10 07:30 PM |
#5 |
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Gold jewelry is not an investment item in the US |
Art_from_Ark |
Oct-07-10 10:07 PM |
#22 |
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Don't say never. House prices in America never fall either. nt |
pokercat999 |
Dec-20-10 12:05 AM |
#74 |
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I didn't say gold prices will never fall |
Art_from_Ark |
Dec-24-10 01:23 AM |
#81 |
| -
That is an unsupportable claim to make |
Taitertots |
Dec-24-10 09:55 AM |
#84 |
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Considering that gold has not been $130 in nearly 40 years |
Art_from_Ark |
Dec-24-10 06:28 PM |
#86 |
| -
You sound just like the people who were over leveraged on housing |
Taitertots |
Dec-25-10 07:07 AM |
#91 |
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Overleveraging and fundamentals |
Art_from_Ark |
Dec-25-10 01:02 PM |
#94 |
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You are trying to answer the wrong question |
Taitertots |
Dec-25-10 01:22 PM |
#95 |
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A fad like beanie babies? That's nonsense |
Art_from_Ark |
Dec-25-10 01:46 PM |
#96 |
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It was an absolute failure as a monetary medium |
Taitertots |
Dec-25-10 02:07 PM |
#97 |
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What utter nonsense |
Art_from_Ark |
Dec-25-10 02:16 PM |
#98 |
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Why are you obsessing over the analogy? It is the least important part. |
Taitertots |
Dec-25-10 02:45 PM |
#99 |
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Oh, for crying out loud |
Art_from_Ark |
Dec-25-10 03:13 PM |
#101 |
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Gold isn't a hedge against "Reckless fiat monetary policies" |
Taitertots |
Dec-25-10 10:40 PM |
#104 |
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Duh |
Po_d Mainiac |
Dec-26-10 07:11 PM |
#106 |
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Ok genius. Where is the inflation? |
Taitertots |
Dec-26-10 11:08 PM |
#107 |
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Ow stupid me........ where shall I start |
Po_d Mainiac |
Dec-27-10 07:56 AM |
#108 |
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There is not high inflation |
Taitertots |
Dec-27-10 08:19 AM |
#112 |
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You are talking like a babe in the woods |
Art_from_Ark |
Dec-27-10 08:12 AM |
#110 |
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Changes in one sector is not inflation |
Taitertots |
Dec-27-10 08:16 AM |
#111 |
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Oh, fer crying out loud! |
Art_from_Ark |
Dec-27-10 08:21 AM |
#113 |
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A handful of biased price groups increasing isn't inflation |
Taitertots |
Dec-27-10 08:57 AM |
#114 |
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For cryin' out loud, again |
Art_from_Ark |
Dec-27-10 09:11 AM |
#115 |
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Cherry picked sector price increases isn't inflation |
Taitertots |
Dec-27-10 10:34 AM |
#116 |
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To paraphrase Will Rogers: |
Art_from_Ark |
Dec-27-10 07:41 PM |
#120 |
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It is not inflation by definition |
Taitertots |
Dec-27-10 11:31 PM |
#121 |
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Overall, we are not experiencing high inflation. |
OllieLotte |
Dec-28-10 03:58 PM |
#122 |
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There is a problem, but it is not inflation |
Taitertots |
Dec-29-10 08:18 AM |
#123 |
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when the sh~T hits the fan.... |
blue sky at night |
Oct-05-10 07:30 PM |
#7 |
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The reasoning behind trading gold back for cash, |
Art_from_Ark |
Oct-08-10 01:11 AM |
#24 |
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Cheap diners used to trade meals for gold jewelry back in the 30s |
Warpy |
Dec-25-10 09:56 PM |
#103 |
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Oh, for crying out loud |
Art_from_Ark |
Dec-27-10 08:06 AM |
#109 |
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When the shit hits the fan, dealers won't have any money, either |
Warpy |
Dec-27-10 11:07 AM |
#117 |
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How in the world did you come up with that scenario? |
Art_from_Ark |
Dec-27-10 05:54 PM |
#119 |
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Cause it's 'bubbled' right now? Nt |
xchrom |
Oct-05-10 07:34 PM |
#8 |
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There's way more paper gold than gold. |
DCKit |
Oct-05-10 07:35 PM |
#9 |
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Never buy anything when the price is at an all time high. |
FSogol |
Oct-05-10 07:39 PM |
#10 |
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"advertised on Fox" . . .ie. Glenn Beck and Goldline |
DinahMoeHum |
Oct-05-10 08:14 PM |
#13 |
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to be honest, on quite a few "left" shows, too ... however ... |
zbdent |
Oct-05-10 08:23 PM |
#14 |
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The #1 rule to investing is doing your homework |
Art_from_Ark |
Dec-24-10 08:44 PM |
#88 |
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Exactly. |
westerebus |
Dec-25-10 09:40 AM |
#93 |
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The "kinds of suckers buying gold" include central banks |
Art_from_Ark |
Oct-08-10 01:27 AM |
#25 |
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Can you eat it? |
dixiegrrrrl |
Oct-05-10 08:06 PM |
#12 |
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You could melt it down and make bullets. Or slingshot ammunition. |
jtuck004 |
Oct-05-10 10:27 PM |
#15 |
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LOL. |
dixiegrrrrl |
Oct-06-10 05:31 AM |
#17 |
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medium of exchange |
DoctorK |
Oct-12-10 09:21 AM |
#32 |
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All money is fiat money by definition, and the government doesn't influence monetary policy-- |
eridani |
Oct-13-10 06:07 AM |
#35 |
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All of today's money is fiat |
Art_from_Ark |
Dec-24-10 08:51 PM |
#89 |
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So why was gold backed currency universally rejected by all modern economies? |
Taitertots |
Dec-29-10 08:57 AM |
#124 |
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you can't eat it... |
northernlights |
Oct-06-10 07:01 AM |
#18 |
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bury them in a animal proof container under that straw |
dixiegrrrrl |
Oct-07-10 12:00 PM |
#21 |
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As I wrote upthread, there is a big difference between jewelry and bullion |
Art_from_Ark |
Oct-08-10 02:00 AM |
#26 |
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so you can eat bullion? |
northernlights |
Oct-08-10 08:43 AM |
#27 |
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You can't eat anything that is normally considered an investment |
Art_from_Ark |
Oct-11-10 09:27 PM |
#31 |
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You haven't bothered to think about this much. |
Po_d Mainiac |
Oct-13-10 12:47 AM |
#33 |
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Last week $1.00 in silver US Coinage was worth $28.00..nt |
pokercat999 |
Dec-20-10 12:16 AM |
#75 |
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You are referring to the $1 American Silver Eagle (ASE) |
Art_from_Ark |
Dec-23-10 09:56 PM |
#79 |
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I think it is going to continue to run up some more. |
OllieLotte |
Oct-06-10 12:35 PM |
#19 |
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Don't think of it as the price of metals rising |
Po_d Mainiac |
Oct-13-10 07:57 AM |
#38 |
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Gold have been bery good to me |
pscot |
Oct-07-10 10:27 AM |
#20 |
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It depends on what your plans are. |
westerebus |
Oct-07-10 11:13 PM |
#23 |
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If gold is so valuable, why do people trade it for paper money? |
hedgehog |
Oct-08-10 03:27 PM |
#28 |
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Several reasons. |
westerebus |
Oct-10-10 02:51 AM |
#29 |
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On what planet is paper currency the norm? |
eridani |
Oct-13-10 06:15 AM |
#36 |
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Push the buttons on an ATM and what do you get out of it? |
westerebus |
Oct-13-10 08:07 AM |
#39 |
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I don't use an ATM, ever |
eridani |
Oct-14-10 09:13 PM |
#57 |
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That planet would be "Earth" |
Art_from_Ark |
Oct-14-10 03:37 AM |
#49 |
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You might want to take a tour of the BEP web site |
Art_from_Ark |
Oct-14-10 07:45 PM |
#56 |
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I'm amazed at the number of thirsty horses |
Po_d Mainiac |
Oct-13-10 07:11 AM |
#37 |
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I hear you. |
westerebus |
Oct-13-10 08:46 AM |
#41 |
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And the coffee grinders were by the cash registers |
Po_d Mainiac |
Oct-13-10 10:13 AM |
#42 |
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I wasn't allowed near the stove. |
westerebus |
Oct-13-10 06:44 PM |
#44 |
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Ouch... sounds like my life... here & now |
Po_d Mainiac |
Oct-13-10 10:32 PM |
#45 |
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Wow-- two 27-S's in a roll of Standing Libs bought at melt |
Art_from_Ark |
Oct-14-10 12:29 AM |
#46 |
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But 'redbook' pricing doesn't come without |
Po_d Mainiac |
Oct-14-10 07:38 AM |
#50 |
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ANACS is a lot cheaper than the Big 2 |
Art_from_Ark |
Oct-14-10 08:15 AM |
#51 |
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Wow a "64"!! |
Po_d Mainiac |
Oct-14-10 02:39 PM |
#54 |
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I got lucky on that one |
Art_from_Ark |
Oct-14-10 04:12 PM |
#55 |
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Horses at the trough |
Art_from_Ark |
Oct-14-10 01:04 AM |
#47 |
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Gold is not a currency |
Art_from_Ark |
Oct-10-10 02:57 AM |
#30 |
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These children ain't gonna understand what you just said. |
Po_d Mainiac |
Oct-13-10 08:17 AM |
#40 |
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Bubblenomics |
Joanne98 |
Oct-13-10 10:18 AM |
#43 |
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If you are getting investment advice from DU - then I definitely think you should buy gold. |
cbdo2007 |
Oct-14-10 10:06 AM |
#52 |
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A childish response |
Po_d Mainiac |
Oct-14-10 02:30 PM |
#53 |
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Mine was a childish response??? ha haha |
cbdo2007 |
Oct-15-10 12:53 PM |
#58 |
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Wow |
Po_d Mainiac |
Oct-15-10 01:41 PM |
#59 |
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No secrets - just research. |
cbdo2007 |
Oct-15-10 04:17 PM |
#60 |
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I suggest you put all your money in stocks. |
westerebus |
Oct-15-10 06:04 PM |
#61 |
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Oh I've got all my money in stocks.... |
cbdo2007 |
Oct-15-10 10:06 PM |
#64 |
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So gold is up 30% for the year but it's in a bubble |
Art_from_Ark |
Oct-16-10 03:15 AM |
#65 |
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Stocks were undervalued due to the 2008 crash... |
cbdo2007 |
Oct-16-10 09:21 AM |
#66 |
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You don't seem to know the first thing about metals. |
Art_from_Ark |
Oct-16-10 10:11 AM |
#67 |
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Ah I get it ...spam alert.....Spam alert |
Po_d Mainiac |
Oct-15-10 06:42 PM |
#62 |
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Spam. Old American. |
westerebus |
Oct-15-10 09:45 PM |
#63 |
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Classic! n/t |
Po_d Mainiac |
Oct-16-10 11:41 AM |
#68 |
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Classic Snake Oil Stock Market Bullshit |
Taitertots |
Dec-24-10 12:10 PM |
#85 |
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I recently melted down some gold... |
Cassandra |
Oct-18-10 01:28 PM |
#69 |
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Buy low and sell high is the way to make money |
golfguru |
Oct-18-10 11:51 PM |
#70 |
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GOLD IS A BARBARIC RELIC |
frankieT |
Dec-15-10 09:57 AM |
#71 |
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Slavery and famines were caused by the Gold Standard? |
Art_from_Ark |
Dec-24-10 01:31 AM |
#82 |
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Are we failing to learn from history? Pre WW2 Germany |
upi402 |
Dec-15-10 12:47 PM |
#72 |
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I too have learned..... |
AnneD |
Dec-18-10 08:46 PM |
#73 |
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Presumably that means you actually have your hands on the gold and silver? |
eridani |
Dec-21-10 02:43 AM |
#76 |
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Having a piece of paper saying you own gold or silver doesn't mean shit |
Art_from_Ark |
Dec-23-10 09:51 PM |
#78 |
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I agree. Given known gold reserves, about what percentage would you say-- |
eridani |
Dec-25-10 03:55 AM |
#90 |
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Not exactly an answer, but |
Po_d Mainiac |
Dec-26-10 05:55 PM |
#105 |
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Buying something at very inflated prices hoping that it will go up even higher... |
Rochester |
Dec-23-10 01:13 AM |
#77 |
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Lead is for killing |
upi402 |
Dec-27-10 01:21 PM |
#118 |
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