After being mentioned in many other posts here, I would like to talk about
gold a bit.

I have a friend. He is a certified financial planner, and my advisor. He
is a high school graduating classmate of my wife. He has the longest
running unsyndicated talk show in the United States, being on the air longer
than Rush Limbaugh. He is soon to syndicate if he has not done so by now.
The man knows his stuff.

We were visiting him, and the discussion of gold came up. He said people
would use it as a hedge, but he pointed out its impracticalities.

First, there's the ever present practice of fraud. Just like Josh, the deaf
mute in San Francisco who would take a nickel and coat it with gold, and get
five dollars worth of goods, there would be potential for fraud. And every
transaction would have to test the gold.

How would one receive change from a purchase?

The places that dealt in gold, or took gold as a medium of exchange would
have to set up heavy security, adding cost to an already bloated financial
situation.
People who went to these places for purchases would be marked as having gold
and subject to hijacking.

If society ever got that bad, a person having gold would have to become a
recluse, or just bunker in, and defend his pile with weaponry.

You can't eat gold.

Some of Al's thoughts. I thought he would say what a great way to go.

Steve

Steve B wrote:
After being mentioned in many other posts here, I would like to talk about
gold a bit.

I have a friend. He is a certified financial planner, and my advisor. He
is a high school graduating classmate of my wife. He has the longest
running unsyndicated talk show in the United States, being on the air longer
than Rush Limbaugh. He is soon to syndicate if he has not done so by now.
The man knows his stuff.

We were visiting him, and the discussion of gold came up. He said people
would use it as a hedge, but he pointed out its impracticalities.

First, there's the ever present practice of fraud. Just like Josh, the deaf
mute in San Francisco who would take a nickel and coat it with gold, and get
five dollars worth of goods, there would be potential for fraud. And every
transaction would have to test the gold.

That is why you only use it to buy a different currency not direct goods
unless there is no other currency.


How would one receive change from a purchase?

Not hard if you have a set price for gold. You just break it down to the
smallest practical amount. At current pricing you could get to dime
sized ok. Smaller would be difficult.


The places that dealt in gold, or took gold as a medium of exchange would
have to set up heavy security, adding cost to an already bloated financial
situation.

Most of them already have a LOT of security

People who went to these places for purchases would be marked as having gold
and subject to hijacking.

Just the same as pickpockets and frauds are today. No different than if
you use any other currency form. There will always be someone who wants
to steal what someone else has.


If society ever got that bad, a person having gold would have to become a
recluse, or just bunker in, and defend his pile with weaponry.

You can't eat gold.

You can't eat most forms of currency that have been used over the years.
That is due to wanting a durable currency.


Some of Al's thoughts. I thought he would say what a great way to go.

Steve




--
Steve W.

--Silver's lots more fun. Plus it's cheap enough to machine
these days.. ;-)

--
"Steamboat Ed" Haas : Steel, Stainless, Titanium:
Hacking the Trailing Edge! : Guaranteed Uncertified Welding!
www.nmpproducts.com
---Decks a-wash in a sea of words---

"steamer" wrote in message
...
--Silver's lots more fun. Plus it's cheap enough to machine
these days.. ;-)


I bought silver from 1974 through 1978. I would buy 100 oz bars after
returning from weeks or months in the oilfields. Right before the Hunt
brothers caused the spike. I did good.

Steve

Steve B wrote:
After being mentioned in many other posts here, I would like to talk about
gold a bit.

I have a friend. He is a certified financial planner, and my advisor. He
is a high school graduating classmate of my wife. He has the longest
running unsyndicated talk show in the United States, being on the air longer
than Rush Limbaugh. He is soon to syndicate if he has not done so by now.
The man knows his stuff.

We were visiting him, and the discussion of gold came up. He said people
would use it as a hedge, but he pointed out its impracticalities.

First, there's the ever present practice of fraud. Just like Josh, the deaf
mute in San Francisco who would take a nickel and coat it with gold, and get
five dollars worth of goods, there would be potential for fraud. And every
transaction would have to test the gold.

Fraud is everywhere, the honest and dishonest soon would get sorted out.
Deal with only known honest people.


How would one receive change from a purchase?

Real silver and gold coins would work. Gold dust would work too. Or
better yet a debit card backed by a deposit of gold.



The places that dealt in gold, or took gold as a medium of exchange would
have to set up heavy security, adding cost to an already bloated financial
situation.
People who went to these places for purchases would be marked as having gold
and subject to hijacking.

It happens at the ATM's already.


If society ever got that bad, a person having gold would have to become a
recluse, or just bunker in, and defend his pile with weaponry.

I guess Bank safe deposit boxes are not on your menu.


You can't eat gold.

Gold has no real value except what you can trade it for with people that
want it. Who is better off a man with a billion dollars of gold or a
farmer with plenty of food and wants a pound of gold for a pound of food.

As long as someone will accept gold as a payment for goods the gold has
value. This is the same with paper money. Money is just an IOU that is
as good or bad as the issuer. Tangible goods have real intrinsic value,
money does not and neither does gold except for it's use in industry and
jewelry. It is shiny colorful and easy to form into jewelry but after
that it doesn't do you any good. You can't eat it, it won't keep you
warm, it won't keep the rain and snow off your head.

John

Steve B wrote:
wrote in message
...
--Silver's lots more fun. Plus it's cheap enough to machine
these days.. ;-)


I bought silver from 1974 through 1978. I would buy 100 oz bars after
returning from weeks or months in the oilfields. Right before the Hunt
brothers caused the spike. I did good.

Steve




I have about 200 tons of steel in old machinery that is in the process
of going to the scrap yard. Most of it was stripped for parts and the
parts sold which already paid for the stuff. Now steel scrap is 16.00
per hundred wt. and it's time to scrap it. One thing about heavy
steel, it is not likely that someone will break in and haul it off on you.

John

Steve B wrote:

After being mentioned in many other posts here, I would like to talk about
gold a bit.

....

How would one receive change from a purchase?

Other coins, made of real silver, real nickel, and real copper, like they
used to do before inflationary fiat currency became de rigeur.

And bank notes that are backed up by real money.

Hope This Helps!
Rich

Like you, I owned a number of 100 oz silver bars for a while. Silver
is an important industrial metal. I never felt a need to own gold at
any price, as I always thought of it as not having enough
ascertainable value.

i

"Rich Grise" wrote in message
...

And bank notes that are backed up by real money.


No such a thing as "real money" even exists.

--

"PrecisionmachinisT" wrote in message
news:YuKdnUXG2MTWbJrTnZ2dnUVZ_vednZ2d@scnresearch. com...

"Rich Grise" wrote in message
...

And bank notes that are backed up by real money.


No such a thing as "real money" even exists.

--

A great example is the stone money from the island of Yap in the south
pacific. The money is made from carved, circular stones of quartz rock found
only on another island. So the money represents a significant amount of
labor of the person who first created it. You would think it is as "real" as
money could be. Large sums are represented by very large, several-ton
rocks. These rocks are kept in the center of the village. When one rock
changes ownership, it is not moved, it is just announced to everyone that
person A is handing it over to person B. In other words, the huge rocks are
completely useless except as a trusted method of keeping track of who has
provided some good or service. The original person who created the rock
would have been more productive if he had done something useful for the
village. Then he could have received from the village Chief a note that says
he owns one rocks-worth of money. This is beginning to sound familiar, yes?
(and, yes, I know it is not exactl;y analogous to what modern economies do).

Another good example is the disastrous effect the gold standard had on the
economy of Spain when the Conquistadors brought back all that gold and
silver. All it did was create huge inflation that sent their economy into a
tailspin that some say they may still be trying to recover from.

The problem with people who want to go back in time is that they forget
there are usually good reasons why things changed.

"Ignoramus18941" wrote in message
news

Like you, I owned a number of 100 oz silver bars for a while. Silver
is an important industrial metal. I never felt a need to own gold at
any price, as I always thought of it as not having enough
ascertainable value.

i

Gold's chief value has shown itself of late. Most likely, readers have
taken note that gold is right at $1,500/ounce.

Those that hold gold have retained their buying power, while those that have
paper (and even real-estate in many cases) have not. The real issue is
the loss of value of the dollar, not the value of gold. It simply reflects
downfall of the dollar and other economic systems. They're all nothing
short of a pyramid scheme.

There's no shortage of those that have opinions on the value of gold--some
of which are valid, some of which are nothing short of insane.

Barring a complete collapse of the world and its economy, those that have
means will always place a value in gold. History has proven that to more
than anyone's satisfaction, if you're paying attention. Gold has been
valued as long as man has known of its existence, several thousand years BC.

Someone made mention of coinage made of gold. Not a good idea, not at all.
The value of coins is in the striking----but the value of gold is according
to the market price. We aren't on a gold standard any longer, and I expect
we will never be on a gold standard again, not ever. Further, a coin the
size of a dime would have a value in the vicinity of $200 in keeping with
the dollar of today. It clearly is not something one could use in trade,
in particular for small purchases.

Gold is a commodity---one that is recognized world wide, and will remain so.
Do not judge gold by the mindset of Americans, who, for the most part, don't
have a clue. They're too busy worrying about a boob job or a new snow
mobile.

Harold

Harold & Susan Vordos wrote:




The real issue is
the loss of value of the dollar, not the value of gold.

If that is true then

what was causing the dollar to increase so much
in value from 1980-2001?

On Mon, 27 Jun 2011 06:51:48 GMT, "Harold & Susan Vordos"
wrote:

Gold is a commodity---one that is recognized world wide, and will remain so.
Do not judge gold by the mindset of Americans, who, for the most part, don't
have a clue. They're too busy worrying about a boob job or a new snow
mobile.

This is more proof: them that gots the gold, gets the boobs.

--
The whole life of man is but a point of time; let us enjoy it.
-- Plutarch

Gold is OK during times of peace, when you can get to the
trading venue, and when people desire gold. I can envision a
time when the market has collapsed, and people will change.
After Hurricane Katrena, some people looted for big screen
TV. Figuring the power would go back on some day. With a
bigger collapse, I can imagine TV looting. After a while,
water and food (Haiti comes to mind) will be most needed.

I'd suggest to get the basics stored at home, first. Water,
food, camping supplies, etc. And speculate or invest in gold
only after you have a year's food, two weeks water, and so
on.

--
Christopher A. Young
Learn more about Jesus
www.lds.org
..


"Steve B" wrote in message
.. .
After being mentioned in many other posts here, I would like
to talk about
gold a bit.

I have a friend. He is a certified financial planner, and
my advisor. He
is a high school graduating classmate of my wife. He has
the longest
running unsyndicated talk show in the United States, being
on the air longer
than Rush Limbaugh. He is soon to syndicate if he has not
done so by now.
The man knows his stuff.

We were visiting him, and the discussion of gold came up.
He said people
would use it as a hedge, but he pointed out its
impracticalities.

First, there's the ever present practice of fraud. Just
like Josh, the deaf
mute in San Francisco who would take a nickel and coat it
with gold, and get
five dollars worth of goods, there would be potential for
fraud. And every
transaction would have to test the gold.

How would one receive change from a purchase?

The places that dealt in gold, or took gold as a medium of
exchange would
have to set up heavy security, adding cost to an already
bloated financial
situation.
People who went to these places for purchases would be
marked as having gold
and subject to hijacking.

If society ever got that bad, a person having gold would
have to become a
recluse, or just bunker in, and defend his pile with
weaponry.

You can't eat gold.

Some of Al's thoughts. I thought he would say what a great
way to go.

Steve

"Stormin Mormon" fired this volley in
:

I'd suggest to get the basics stored at home, first. Water,
food, camping supplies, etc. And speculate or invest in gold
only after you have a year's food, two weeks water, and so
on.

If I recall correctly, it's part of the LDS code of conduct that each
family have a year's stores on-hand.

'Seems like that would require a medium-sized barn for the average Mormon
family! G

LLoyd

Steve B wrote:
After being mentioned in many other posts here, I would like to talk about
gold a bit.

If the subject is metal but the discussion is not
metalworking, could you throw an OT in the heading.

We do ask families to have a year's food, and two weeks
water at home. Sadly, less than half of LDS families do so.
It does sound like a barn full of stuff, but some foods
(wheat, oatmeal, etc) are actually fairly compact. What is a
concern to me, is that most families store things like whole
wheat, and don't actually eat much stored foods as part of
their ordinary diet. A sudden change from fatty American
food to whole wheat bread nearly guarantees intestinal
disaster.

--
Christopher A. Young
Learn more about Jesus
www.lds.org
..


"Lloyd E. Sponenburgh" lloydspinsidemindspring.com wrote
in message
. 3.70...

If I recall correctly, it's part of the LDS code of conduct
that each
family have a year's stores on-hand.

'Seems like that would require a medium-sized barn for the
average Mormon
family! G

LLoyd

"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:




The real issue is
the loss of value of the dollar, not the value of gold.

If that is true then

what was causing the dollar to increase so much
in value from 1980-2001?

????

That didn't happen.

Harold

Harold & Susan Vordos wrote:

"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:




The real issue is
the loss of value of the dollar, not the value of gold.

If that is true then

what was causing the dollar to increase so much
in value from 1980-2001?

????

That didn't happen.

Right that is exactly my point.
Your claim that gold is measure of the value of dollar is bogus

The value of gold declined from 1980 around $700/oz to $260/oz in 2001
That behavior in the price of gold
had little to do with the value of the dollar

And when the price of gold falls off a cliff again
that won't have much to do with the value of a dollar
at that point in time either

-jim



Harold

On Mon, 27 Jun 2011 16:08:37 -0500, jim "sjedgingN0Sp"@m@mwt,net
wrote:



Harold & Susan Vordos wrote:

"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:




The real issue is
the loss of value of the dollar, not the value of gold.

If that is true then

what was causing the dollar to increase so much
in value from 1980-2001?

????

That didn't happen.

Right that is exactly my point.
Your claim that gold is measure of the value of dollar is bogus

The value of gold declined from 1980 around $700/oz to $260/oz in 2001
That behavior in the price of gold
had little to do with the value of the dollar

And when the price of gold falls off a cliff again
that won't have much to do with the value of a dollar
at that point in time either

-jim

When the Dollar stopped being backed by gold..gold became a commodity.
Nothing more, nothing less.

However..its a commodity that has wide spread acceptance, is portable
and has little government influence and intrusion..which makes it a very
popular commodity.

Gunner

--
Maxim 12: A soft answer turneth away wrath.
Once wrath is looking the other way, shoot it in the head.

"Lloyd E. Sponenburgh" lloydspinsidemindspring.com wrote in message
. 3.70...
"Stormin Mormon" fired this volley in
:

I'd suggest to get the basics stored at home, first. Water,
food, camping supplies, etc. And speculate or invest in gold
only after you have a year's food, two weeks water, and so
on.

If I recall correctly, it's part of the LDS code of conduct that each
family have a year's stores on-hand.

'Seems like that would require a medium-sized barn for the average Mormon
family! G

LLoyd

The ploy is that you buy this food at the church store at bloated prices,
then buy it again because it doesn't have a very long storage life. I see
tons of home storage foods for sale here in Utah at pennies on the dollar,
all out of date. That would be like buying a dead dog. But the church
loves it, and will sell you a whole new supply. Sorry, the food has to be
blessed by the bishop, or it won't save you. Of course, that will cost ya.

Steve

"Jim Stewart" wrote in message
...
Steve B wrote:
After being mentioned in many other posts here, I would like to talk
about
gold a bit.

If the subject is metal but the discussion is not
metalworking, could you throw an OT in the heading.

Sure, Jim.

Steve

"Steve B" wrote in message
...

"Jim Stewart" wrote in message
...
Steve B wrote:
After being mentioned in many other posts here, I would like to talk
about
gold a bit.

If the subject is metal but the discussion is not
metalworking, could you throw an OT in the heading.

Sure, Jim.

Steve

But what could be more metal content than gold.

Oh, well ...........

Steve

Steve B wrote:
"Lloyd E. Sponenburgh"lloydspinsidemindspring.com wrote in message
. 3.70...
"Stormin fired this volley in
:

I'd suggest to get the basics stored at home, first. Water,
food, camping supplies, etc. And speculate or invest in gold
only after you have a year's food, two weeks water, and so
on.

If I recall correctly, it's part of the LDS code of conduct that each
family have a year's stores on-hand.

'Seems like that would require a medium-sized barn for the average Mormon
family!G

LLoyd

The ploy is that you buy this food at the church store at bloated prices,
then buy it again because it doesn't have a very long storage life. I see
tons of home storage foods for sale here in Utah at pennies on the dollar,
all out of date. That would be like buying a dead dog. But the church
loves it, and will sell you a whole new supply. Sorry, the food has to be
blessed by the bishop, or it won't save you. Of course, that will cost ya.

Steve




something like indulgences only different.

John

On 6/27/2011 9:01 PM, Steve B wrote:
"Lloyd E. Sponenburgh"lloydspinsidemindspring.com wrote in message
. 3.70...
"Stormin fired this volley in
:

I'd suggest to get the basics stored at home, first. Water,
food, camping supplies, etc. And speculate or invest in gold
only after you have a year's food, two weeks water, and so
on.

If I recall correctly, it's part of the LDS code of conduct that each
family have a year's stores on-hand.

'Seems like that would require a medium-sized barn for the average Mormon
family!G

LLoyd

The ploy is that you buy this food at the church store at bloated prices,
then buy it again because it doesn't have a very long storage life. I see
tons of home storage foods for sale here in Utah at pennies on the dollar,
all out of date. That would be like buying a dead dog. But the church
loves it, and will sell you a whole new supply. Sorry, the food has to be
blessed by the bishop, or it won't save you. Of course, that will cost ya.

Steve

It would make more sense to me to buy it a year ahead. In June of '11,
you're eating what you bought in June of '10. This month, you buy what
you'll eating June of '12.

And who says you have to buy it from LDS?

David

"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:

"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:




The real issue is
the loss of value of the dollar, not the value of gold.

If that is true then

what was causing the dollar to increase so much
in value from 1980-2001?

????

That didn't happen.

Right that is exactly my point.
Your claim that gold is measure of the value of dollar is bogus

How so?
While there has been, and will be, variations, it has always been said that
a man can buy a nice suit with an ounce of gold.

Still can.

Suppose you had 100 ounces of gold that you'd held since 1990. Suppose you
had put the same amount of money in a CD at the same point in time.
According to buying power, which one do you suppose would be the better
choice, today?

Go one step further and apply that to the purchase of a house at market
price in '90, and an equal investment in gold at the same period in time.
Which do you suppose would be the better deal today?

Gold shines in times like these. However those that haven't had the wisdom
to see the possiblity tend to denegrate the idea, as well as those that had
the good fortune to see what was coming, dismissing gold, as you're doing.

Funny, really. Really, really funny.

Harold

"David R. Birch" wrote in message
...
On 6/27/2011 9:01 PM, Steve B wrote:
"Lloyd E. Sponenburgh"lloydspinsidemindspring.com wrote in message
. 3.70...
"Stormin fired this volley
in
:

I'd suggest to get the basics stored at home, first. Water,
food, camping supplies, etc. And speculate or invest in gold
only after you have a year's food, two weeks water, and so
on.

If I recall correctly, it's part of the LDS code of conduct that each
family have a year's stores on-hand.

'Seems like that would require a medium-sized barn for the average
Mormon
family!G

LLoyd

The ploy is that you buy this food at the church store at bloated prices,
then buy it again because it doesn't have a very long storage life. I
see
tons of home storage foods for sale here in Utah at pennies on the
dollar,
all out of date. That would be like buying a dead dog. But the church
loves it, and will sell you a whole new supply. Sorry, the food has to
be
blessed by the bishop, or it won't save you. Of course, that will cost
ya.

Steve

It would make more sense to me to buy it a year ahead. In June of '11,
you're eating what you bought in June of '10. This month, you buy what
you'll eating June of '12.

And who says you have to buy it from LDS?

David

In the LDS community, the church provides a list of "accepted" providers.
All owned up the line by the church.

Steve

I take it, you're describing Catholic food? Cause LDS /
Mormon home storage food sold at the cannery is made with
lots of volunteer labor, and is usually cheaper than else
where. Also, Mormons don't charge money for ordinances or
blessings.

--
Christopher A. Young
Learn more about Jesus
www.lds.org
..


"Steve B" wrote in message
...

The ploy is that you buy this food at the church store at
bloated prices,
then buy it again because it doesn't have a very long
storage life. I see
tons of home storage foods for sale here in Utah at pennies
on the dollar,
all out of date. That would be like buying a dead dog. But
the church
loves it, and will sell you a whole new supply. Sorry, the
food has to be
blessed by the bishop, or it won't save you. Of course,
that will cost ya.

Steve

Yes, much like indulgences.

--
Christopher A. Young
Learn more about Jesus
www.lds.org
..


"John" wrote in message
...
Steve B wrote:

loves it, and will sell you a whole new supply. Sorry,
the food has to be
blessed by the bishop, or it won't save you. Of course,
that will cost ya.

Steve




something like indulgences only different.

John

The LDS church does encourage people to SWYE / EWYS, or
store what you eat, eat what you store. It's a good idea
which few people do.

No one LDS says you have to buy LDS food.

--
Christopher A. Young
Learn more about Jesus
www.lds.org
..


"David R. Birch" wrote in message
...


It would make more sense to me to buy it a year ahead. In
June of '11,
you're eating what you bought in June of '10. This month,
you buy what
you'll eating June of '12.

And who says you have to buy it from LDS?

David

In the twenty one years I've been in the church, I've never
seen a list of accepted providers.

--
Christopher A. Young
Learn more about Jesus
www.lds.org
..


"Steve B" wrote in message
. ..

It would make more sense to me to buy it a year ahead. In
June of '11,
you're eating what you bought in June of '10. This month,
you buy what
you'll eating June of '12.

And who says you have to buy it from LDS?

David

In the LDS community, the church provides a list of
"accepted" providers.
All owned up the line by the church.

Steve

Harold & Susan Vordos wrote:

"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:

"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:




The real issue is
the loss of value of the dollar, not the value of gold.

If that is true then

what was causing the dollar to increase so much
in value from 1980-2001?

????

That didn't happen.

Right that is exactly my point.
Your claim that gold is measure of the value of dollar is bogus

How so?
While there has been, and will be, variations, it has always been said that
a man can buy a nice suit with an ounce of gold.

Still can.

Suppose you had 100 ounces of gold that you'd held since 1990. Suppose you
had put the same amount of money in a CD at the same point in time.
According to buying power, which one do you suppose would be the better
choice, today?



When the gold price bubble pops
the price may fall back to 1990 levels

at that point ask the question again

On Tue, 28 Jun 2011 10:13:22 -0400, "Stormin Mormon"
wrote:

I take it, you're describing Catholic food? Cause LDS /
Mormon home storage food sold at the cannery is made with
lots of volunteer labor, and is usually cheaper than else
where. Also, Mormons don't charge money for ordinances or
blessings.

That has been my experience as well, here in California.

Gunner

--
Maxim 12: A soft answer turneth away wrath.
Once wrath is looking the other way, shoot it in the head.

"jim" wrote in message
.. .
Harold & Susan Vordos wrote:

"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:

"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:




The real issue is
the loss of value of the dollar, not the value of gold.

If that is true then

what was causing the dollar to increase so much
in value from 1980-2001?

????

That didn't happen.

Right that is exactly my point.
Your claim that gold is measure of the value of dollar is bogus

How so?
While there has been, and will be, variations, it has always been said
that
a man can buy a nice suit with an ounce of gold.

Still can.

Suppose you had 100 ounces of gold that you'd held since 1990. Suppose
you
had put the same amount of money in a CD at the same point in time.
According to buying power, which one do you suppose would be the better
choice, today?



When the gold price bubble pops
the price may fall back to 1990 levels

at that point ask the question again

But what if it doesn't? That's something you can't know, and obviously
don't. If it doesn't, maybe you can eat your comments. It's not that you
can't be right---you can---but so can I. Then what? You, without gold,
will likely lose what you have, while those that hold gold will go on as if
nothing happened. They have insured the buying power of their investment.

Remember, one doesn't buy insurance because they're going to die---they buy
insurance *in case* they die. Therefore, those that hold gold do so because
they understand that the dollar can go to hell in a hand basket. History
is on their side---no nation has failed to go broke eventually, and that's a
condition that's running rampant as we speak.

No need continuing trying to support your position. For me, it's akin to
talking to a self appointed expert on a subject that doesn't have a clue in
reality. You likely know nothing about gold, as few do, and obviously
don't own any. What better way to justify not doing so than to offer reasons
why one shouldn't, when, in reality, one should.

Harold

"Stormin Mormon" wrote in message
...
Also, Mormons don't charge money for ordinances or
blessings.

As it should be.. considering the value of each. Even one cent would be
too much.

I lived amongst the mormons for 56 years (and married in to their midst).
There's not much you can tell me about them that I don't already know. Not
much about which to be proud, not from what I've seen. Most folks don't
think there's such a thing as magic rocks, and those that talk in to their
hats are generally considered to be crazy. Do the math.

Harold

On Wed, 29 Jun 2011 04:26:09 GMT, "Harold & Susan Vordos"
wrote:


"jim" wrote in message
. ..
Harold & Susan Vordos wrote:

"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:

"jim" "sjedgingN0Sp"@m@mwt,net wrote in message
.. .


Harold & Susan Vordos wrote:




The real issue is
the loss of value of the dollar, not the value of gold.

If that is true then

what was causing the dollar to increase so much
in value from 1980-2001?

????

That didn't happen.

Right that is exactly my point.
Your claim that gold is measure of the value of dollar is bogus

How so?
While there has been, and will be, variations, it has always been said
that
a man can buy a nice suit with an ounce of gold.

Still can.

Suppose you had 100 ounces of gold that you'd held since 1990. Suppose
you
had put the same amount of money in a CD at the same point in time.
According to buying power, which one do you suppose would be the better
choice, today?



When the gold price bubble pops
the price may fall back to 1990 levels

at that point ask the question again

But what if it doesn't? That's something you can't know, and obviously
don't. If it doesn't, maybe you can eat your comments. It's not that you
can't be right---you can---but so can I. Then what? You, without gold,
will likely lose what you have, while those that hold gold will go on as if
nothing happened. They have insured the buying power of their investment.

Remember, one doesn't buy insurance because they're going to die---they buy
insurance *in case* they die. Therefore, those that hold gold do so because
they understand that the dollar can go to hell in a hand basket. History
is on their side---no nation has failed to go broke eventually, and that's a
condition that's running rampant as we speak.

No need continuing trying to support your position. For me, it's akin to
talking to a self appointed expert on a subject that doesn't have a clue in
reality. You likely know nothing about gold, as few do, and obviously
don't own any. What better way to justify not doing so than to offer reasons
why one shouldn't, when, in reality, one should.

Harold

Very very well stated.

Gunner

--
Maxim 12: A soft answer turneth away wrath.
Once wrath is looking the other way, shoot it in the head.

On Wed, 29 Jun 2011 05:11:19 GMT, "Harold & Susan Vordos"
wrote:


"Stormin Mormon" wrote in message
...
Also, Mormons don't charge money for ordinances or
blessings.

As it should be.. considering the value of each. Even one cent would be
too much.

I lived amongst the mormons for 56 years (and married in to their midst).
There's not much you can tell me about them that I don't already know. Not
much about which to be proud, not from what I've seen. Most folks don't
think there's such a thing as magic rocks, and those that talk in to their
hats are generally considered to be crazy. Do the math.

Harold

Ive always been rather fond of the Sacred Underwear thingy.







--
Maxim 12: A soft answer turneth away wrath.
Once wrath is looking the other way, shoot it in the head.

"Gunner Asch" wrote in message
...
On Wed, 29 Jun 2011 05:11:19 GMT, "Harold & Susan Vordos"
wrote:


"Stormin Mormon" wrote in message
...
Also, Mormons don't charge money for ordinances or
blessings.

As it should be.. considering the value of each. Even one cent would be
too much.

I lived amongst the mormons for 56 years (and married in to their midst).
There's not much you can tell me about them that I don't already know.
Not
much about which to be proud, not from what I've seen. Most folks don't
think there's such a thing as magic rocks, and those that talk in to their
hats are generally considered to be crazy. Do the math.

Harold

Ive always been rather fond of the Sacred Underwear thingy.

The chaps?

grin


H

"ATP" wrote in message
...

If you had enough gold, you could build a "mammoth car" out of gold and
live in it.

Auric goldfinger did that in 1963.

Best Regards
Tom.

"Gunner Asch" wrote

Ive always been rather fond of the Sacred Underwear thingy.

I love to see them sweating like pigs in those things. And that odor!

Steve

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