tag:blogger.com,1999:blog-8078379512095504946.post142568750965711962..comments2024-03-29T01:07:30.224-07:00Comments on Had Enough Therapy?: Is Gold in a Bubble?Stuart Schneidermanhttp://www.blogger.com/profile/12784043736879991769noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8078379512095504946.post-28839969366457372892010-10-11T06:27:06.618-07:002010-10-11T06:27:06.618-07:00Agreed, they will still be taking paper money. The...Agreed, they will still be taking paper money. The question is: how much?<br /><br />With the Federal Reserve trying to engineer inflation, the better to inflate our debt away, how many of those piece of paper will be required to buy a Big Mac.<br /><br />And while Walmart will not be taking gold coins for patio furniture they might very well have a kiosk where you can exchange your gold for paper money.<br /><br />Gold has always been a store of value. Many very smart investors are more confident that gold will retain its value than that fiat currency will.Stuart Schneidermanhttps://www.blogger.com/profile/12784043736879991769noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-35640627497669772692010-10-10T14:08:42.069-07:002010-10-10T14:08:42.069-07:00Look, the day after the Great Collapse, Mcdonalds ...Look, the day after the Great Collapse, Mcdonalds and Walmart will be open and they will not be taking gold or precious stones for socks or Big Macs....<br /><br />--GrayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-48430181554303199972010-10-08T16:04:45.413-07:002010-10-08T16:04:45.413-07:00TO: Dr. Schneiderman, et al.
RE: The 'Golden&#...TO: Dr. Schneiderman, et al.<br />RE: The 'Golden' Rule<br /><br /><b>He who has the gold, makes the rules.</b><br /><br />There could well be a 'bubble' for gold. However, if it's 'popped', I suspect it will be the government that holds the needle.<br /><br />All they need to do is re-instate the 'gold standard' and seize the gold at whatever price they deem 'appropriate'.<br /><br />Regards,<br /><br />Chuck(le)<br />P.S. Buy precious stones....Chuck Peltohttps://www.blogger.com/profile/00407516830005550495noreply@blogger.com