On 10/3/2010 9:13 AM, Nickname unavailable wrote:

...
are you saying that children can identify a scam quicker than a adult
can


NO! I am saying a child can recognize reason and logic quicker than YOU
can ...

...
BINGO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!! gold is
not money. you figured it out!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! now what
happens when money is in short supply? why, the owners of assets sell
said assets, to raise scarce cash to pay bills. and they snicker at
those who over pay for a asset in deflationary times. like gold bugs,
who are being goosed into over paying for a commodity used in
electronics and jewelery.


Gold = money. Indeed, there can be no money without precious metals or
things of value. The money only represents the gold. You can back
money with other things, those other things just don't have a lifespan
of eternity ... indeed, you can back money with a promise ... and that
promise can have a very short lifespan, indeed!

...
then little green pieces of paper, mean more to them than gold


That logic is why I consider you insane ... and a damn good example at that!

Gold,
for the most part, stays in places such as fort knox (yeah, I know, it
is empty, or else someone elses gold is stored there) or the large
holdings in china, middle east, etc. in large storage areas. Just like
people with money, people with gold have to trade part of their wealth
for things they purchase. People also go broke on large gambles, and
supplies of gold come onto the market.


you are making my arguments, thank you so very much.


Indeed, at least you agree with me here ...


Gold is a way to secure and hold wealth in a stable form, where years,
decades, centuries, etc. it can be liquidated and spent and used.



that is not true. it can hold wealth sometimes, sometimes it leads to
massive wealth loss. and it pays no income or dividends, its a very
poor way to hold wealth. anyone who bought gold in the early 80's can
testify to that.


You attempt to make gold and the actions and transactions surrounding
gold one and the same ... they are not ... gold is gold ... paper is
paper ... scams are scams ... other than money being a representation of
gold, a heavy substance hard to carry, gold has little to do with scams
which can be created to steal wealth or the fact a dollar actual worth
is the paper and ink ...

this article says it all, you still have not beaten a checking
account.

gold is a lousy investment, cash is scare in a deflating economy, cash
is king:since 1980:Gold Can’t Beat Checking Accounts 30 Years After
Peak, average U.S. checking account rose at least 92 percent. On an
inflation-adjusted basis, gold investors are still 79 percent away
from getting their money back


Gold is an excellent investment to hold wealth in a stable form, indeed,
only precious metals will work for that. An OZ of gold in 1849 would
buy a very nice suit, today in 2010 it still will buy that very nice
suit ... indeed, it will even buy a nicer suit today. A $20 bill might
buy you a polyester tie to go with that suit (and look tacky!)

...

All the rest of your crap is mainly obfuscation meant to tire one out
and you win by "the last man standing rule." Lose that childs' ploy to
be taken seriously ... a fool needs a book to describe his point(s), a
wiseman a paragraph ...

Regards,
JS