"Gunner Asch" wrote in message
...
On Sat, 02 Jan 2010 19:45:03 -0600, Ignoramus16758
wrote:

On 2010-01-03, John R. Carroll wrote:
Wes wrote:
Ignoramus16758 wrote:

And yet I read countless Leftwingers all ****y and nasty about folks
who bought gold and have sat on it.

So, do you recommend buying gold now? Or what are you saying,
exactly?

I don't know if Jon Stewart was full of chit or not but he was poking
fun at gold sellers on Fox that had a 30% commision.

You might want to reconsider Wes.
He was poking fun at idiots buying and selling gold that were paying a
30
percent premium to brokers.

Just curious, who are those brokers and where do they operate? I might
have missed something.

Gold is a market for children and POG people.

What is POG?

It has absolutely no basis, reality or use in the real world.
Completely Speculative is the best description.

And pays no dividend and accrues no earnings.

i
Neither do wheat, corn, oil, molassis or natural gas.

Yet folks get rich buying and selling them,

How does that work again?

People eat wheat, corn, and molasses. They burn oil and gas.

With gold, they hoard it and hope that, when they want to sell, they'll find
someone dumber than they are, to buy.

The entire speculation on gold is predicated on having people who will buy
fairly useless material at absurd prices, in the hope that there will be
more people around willing to buy useless material at even more absurd
prices when the time comes. If things don't get too ridiculous, such people
are always around. The question is whether a real, serious crisis will
suddenly shock large numbers of people into a realistic assessment of what
they're buying.

--
Ed Huntress