 |
|
| Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
| Reply |
|
|
LinkBack | Thread Tools | Display Modes |
|
#1
Posted to rec.crafts.metalworking
|
|||
|
|||
A Surge of More Lies
On Tue, 5 Feb 2008 22:15:35 -0500, Steve Ackman
wrote: ["Followup-To:" header set to rec.crafts.metalworking.] In , on Wed, 30 Jan 2008 00:42:22 -0500, Ed Huntress, wrote: In any case, its use value is a tiny fraction of its (non-rational) trading price, which is hovering close to $1,000/ounce. If you invested in it as a hedge you would get your clock cleaned should it ever become revalued on the basis of its commercial use value. That was my point. As happened in the not too distant past; during the Carter years, gold was over $800. Dunno when exactly it went back down to ~$400, but I'll bet you anything the people who bought at $800 sure know. ============ True but consider that it's value neved did go to zero like Enron stock, K-Mart stock, the air lines stock ... you get the idea. For grins, do a spread sheet claculation of what your investmen would return if you had bought one ounce of silver every week for the last 40 years v investing the same $ ammount in a mutual fund. Of course there is always the lottery. In the last analysis, the third world may have it right -- nothing beats raising a bunch of big stong kids for security in your old age. Unka' George [George McDuffee] ------------------------------------------- He that will not apply new remedies, must expect new evils: for Time is the greatest innovator: and if Time, of course, alter things to the worse, and wisdom and counsel shall not alter them to the better, what shall be the end? Francis Bacon (1561-1626), English philosopher, essayist, statesman. Essays, "Of Innovations" (1597-1625). |
| Reply |
| Thread Tools | Search this Thread |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Forum | |||
| OT-Brady Lies again | Metalworking | |||
| New condensing boiler installation - truth or lies | UK diy | |||
| Difference between whole-house surge supressor and secondary surge arrestor | Home Repair | |||
Linear Mode
