To: Kozak
In a chaotic situation small gold - like wedding bands - work best for barter. Something everyday people recognize and trust.
On a larger more rational level, gold funds and ETFs work just fine.
Great as a hedge against inflation - which will happen when all the money pumped into the system starts "working" and over working and over working some more....
Until then it's deflation. Gold should be deflating along with the other commodities - the fact that it's not tells us something we don't understand is going on.
57 posted on
02/19/2009 6:59:59 AM PST by
GOPJ
(Do you see $20,000 tulip bulbs for sale? Only a fool tries to prop up bubble prices.)
To: GOPJ
Gold should be deflating along with the other commodities - the fact that it's not tells us something we don't understand is going on.
The something is a flight to safety by people all over the world who value gold as a store of wealth. Thats why it doesn't react as a pure commodity.
59 posted on
02/19/2009 7:47:03 AM PST by
Kozak
(USA 7/4/1776 to 1/20/2009 Requiescat In Pace)
To: GOPJ
I read rings are good, but the standard in most countries is 18 or 22kt - more rare in the US, and the lesser stuff discounted heavily. That is why .gov issued coins are recommended by some.
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