Ed Huntress wrote:
"cavelamb" wrote in message
...
Ed Huntress wrote:
"Ignoramus2298" wrote in message
...
George, I think that there are income producing assets that should
retain much of their value regardless of devaluation of currency.

Ergo, if I own a piece of a toll bridge, and get dividends every
quarter, I would not be too hurt if the currency devaluates. The toll
bridge would still be able to extract some sizable amount from those
passing it.

i
And the thing that worries me about gold is the possibility that some
day, when things are really rough, people are going hungry and reality
sets in, they may start looking at their piles of gold and realize that
not only can't they eat them, but that it's really a crummy, soft, and
heavy metal that isn't good for anything except bullets and sash weights,
unless the economy is perking along. A little reality would really knock
the hell out of the market.

A lot of people who are buying gold are in for a sleighride, as always
happens. Like any speculative commodity, it only looks good when you get
in on the way up and get out before it goes down.

Now, corn or soy beans...at least you could eat them in a pinch. d8-)

Gold would make excellent sailboat ballast!

Yes it would! And that would be one of the most useful things one could do
with it. 'Time to stock up! g


1700 pounds please!