Posted on 08/15/2010 8:55:36 PM PDT by tired1
Tulip bulbs: its the old gold but the new junk bond.
I can’t wait to make a killing on the new Kronic tulip bulbs.
So some rich terrorists got cheated by poor terrorists? Sounds like they have the same goal so who cares. I am sure the UAE can take the loss.
Little did the Africans know but they didn’t have to go through all that trouble. They could have just petitioned the UAE for some terrorist contributions.
So some rich terrorists got cheated by poor terrorists? Sounds like they have the same goal so who cares. I am sure the UAE can take the loss.
Little did the Africans know but they didn’t have to go through all that trouble. They could have just petitioned the UAE for some terrorist contributions.
You are all fools! I own dozens of parking meters.
You want financial security? Take all your gold and diamonds and trade them for Dewars, Rum and Vodka.
Then when the sh!t hit’s the fan you can sell your hooch for gold and diamonds at their true market value.
Two-for-one Goldbug ping
In addition to the thread article, please note FromLori’s article in her reply #3: yes it’s another episode of fake gold.
Mail me to get on or off the Free Republic Goldbug Ping List.
The real money is in pre-1982 pennies!
It's a toss-up IMO as to whether new tales of fake gold are sell signals. The story on March 2 (#7 on my end-of-Q1-roundup chart of GLD here) of gold-plated tungsten bars was good for a fast 5% drop, but the repost on March 31 (#9 here) came in the middle of the GATA-at-CFTC run and didn't hurt it at all.
LOL!
They botched their link to the original article, here is what they should have used http://www.emirates247.com/markets/gold/tons-of-gold-imports-turn-to-dust-on-arrival-2010-08-15-1.279082
The beef are the brown ones, these ones are definitely gold bullion.
lol and thanks for fixing the link
I know you were joking but I'd like to pass this along.
What about emeralds and sapphires - I hear they are more rare.
Did you forget the sarcasm tag?
The are synthetics and lab grown for those as well. Synthetic=fake, which means it is not a real emerald. Lab grown=real, but not out of the ground, but with the same properties, because it is, in effect the exact stone, just without imperfections. Chatham makes Rubies (which is a sapphire, essentially), Sapphires, Emeralds, and who knows what else now.
As for how much they’d retain value, I’ve never understood much about why people go for shiny things. Someone on Free Republic once posted, “Precious metals will be valuable as long as men like women, and women like shiny things.”
I personally prepare with supplies, and knowledge first, and barterable goods second, but to each his own. One only has so much money, so if I can’t eat it, get something to eat with it, build with it, or heal with it, it’s not particularly useful to me. PM’s are only useful at the very beginning of a crisis, or years later. In the first few years, people will be dying of starvation if the SHTF, and food will probably NOT be for trade.
As an investment strategy, I’m not sure what is best to tell you, it would depend on what you were looking for. I’m not in the market, and probably never will be. Ever since I was a small boy, I asked my dad, “Well, isn’t that basically gambling?” As a grown man, I see it as the same, someone is winning wealth (as money may drop in value), but lots of others are losing it. I don’t think I’d be the winner in the scenario, so I choose to buy items that are going up in price/value. Food is one. We’re having a wheat and maybe rice, crisis this year, keep that in perspective.
Hope I’ve helped, that is, if you were asking a serious question. :)
And if you weren’t serious, there’s my diatribe, for all the world to see, LOL. :)
I wrote as much the other day but didn’t pull the trigger until today after silver spiked straight up to $18.50 and immediately backed off 10c for like the eighth or ninth time in a month.
We also have Goldman Sachs recommending gold with a September price target of $1300 (same as Cramer, imagine that), any number of chartists pointing out 50% retracements that happen to reach almost exactly to moving averages, etc.
The news making the rounds that Russia is helping Iran fuel up its reactor this weekend, which supposedly means that Israel now must bomb the reactor this week, which as a counter-intuitive corollary means that gold will get smacked down (almost always happens at the onset of a crisis), is something I’m thinking about, but not too much. There have been so many articles proclaiming that a certain date would be Israel’s last chance, or best chance, to bomb the reactor, or that they were planning to bomb it by a certain date, that I’ve decided to ignore them.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.