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To: Kozak

We are not Zimbabwe and we are not hyperinfalted Germany in 1929. Such ideas are irrational. I don’t disagree that Gold is a good place to be right now if you got in a while ago but I believe that the current prices reflect speculation and panic and that entering at this point entails excessive risk based on my recollection of history. Energy is the lifeblood of an advanced nation. Without it, we die. Gold is just a metal that looks pretty and feels good in your hand. Speculators will take their profits from gold and invest in energy this summer when the business cycle changes. The really big speculators will sell so much gold that they will trigger a sell off and the price will drop and if you miss it, you’ll be stuck with it and you’ll be trying to panic people into buying it so you can recoup your losses later. If it makes you feel better, I did buy some silver bullion though.. because it’s shiy and it felt good in my hand.


47 posted on 02/19/2009 5:58:24 AM PST by RC one
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To: RC one
We are not Zimbabwe and we are not hyperinfalted Germany in 1929.

Yet. Now that "trillions" are talked of the way "billions" were 6 months ago, I don't think we have that far to go to reach Weimar. I hold Gold and silver as a reserve disaster fund for my family, secure in the knowledge that come what may, my wife and kids won't starve. You do as you see fit for yours.
48 posted on 02/19/2009 6:04:35 AM PST by Kozak (USA 7/4/1776 to 1/20/2009 Requiescat In Pace)
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