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  • Plunge Protection Team Attacks BofA: This Ends Now [View article]
    Well, why do people pay millions for pretty paintings? Thousands for a bottle of champagne? They aren't useful for much. Or buy a huge oversized truck when a much smaller vehicle will do? Why do pro sports players get paid so much?

    The market is what it is.

    On Apr 30 12:25 PM wobatus wrote:

    > It has a 5,000 year track record, but why? People accept it, but
    > why? It isn't oil. It isn't wheat (perishable, but valuable).
    > It isn't coal. Or a forest. Or copper. Or water.
    >
    Apr 30 12:45 pm |Rating: +5 -2 |Link to Comment
  • Profiting From Bernanke's Super-Fed and Obama's Newer Deal [View article]
    "This leads me to believe gold will be worth $10,000/oz by 2012."

    Are you referring to what you call the "intrinsic" value of gold? Or do you think that this is what you will pay up front for gold?
    Jan 05 23:32 pm |Rating: +1 0 |Link to Comment
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