Outtanames999

Marc Faber on the Economy, Gold, WWIII

Actually it would be around $500,000 an ounce.

In the meantime, none of the gold bugs are really thinking this through. When the apocolypse comes what are you going to do with all your gold?

How will you protect it from being stolen by theives? How will you transport it? How will you leave it alone to go elsewhere? How will you protect your family from being kidnapped and ransomed for your gold?

How will you use it as money - chip off little pieces and then weigh them? Imagine going to the grocery store to get a loaf of bread and taking your gold bar with you. If this is how it will work, then the winners will be anyone with a scale and a smelter.

At the end of the day you will end up using most of your gold to hire protection and buy guns. Of course to pay for all that, well see the problems above.

Gold is nothing more than a short term (read day trader) trading strategy based on the same Wall Street con game as every other financial product. It is not the ultimate answer.



On Jan 10 04:07 PM Dave Wrixon wrote:

> And neither do money systems. Gold backed money is an arcane idea.
> If it weren't then Gold would be about $5K an ounce today.