for my reference. gold.
What are we, a bunch of magpies or football players that we are attracted to stuff for no other reason than that it is shiny?
It may have had some legitimacy when its relative rarity, workability and corrosion resistance made it a good material for fashioning baubles to denote status and prestige, but in the end it is just another commodity… with some interesting characteristics.
In the modern world there are far more practical, rare and intrinsically
valuable materials which would form a more relevant basis for currency or a hedge against economic melt-down. Uranium, Iridium, Lithium, processed crystalline silicon, hell oil or fresh water!
If you are really looking to hedge an economic meltdown you may be better off buying farmland, plows, shovels or ammunition; things you might actually need when you realize you can't eat gold.
Jonathan.
and this.
You are confusing Money with Legal Tender.
Besides that you are wrong also on that account, Jersey for instance has a gold backed currency.
Furthermore you have non-legal tender money such as for instance the "Liberty Dollar", which is Silver backed. You can use it to buy groceries etc…
Finally, you can have a rising stock market and rising gold price. For instance Australia had a rising stock market from mid-2003 to end of 2007 despite appreciating gold price.
So it is not the rise of gold that causes stock markets to fail. Gold however benefits when this happens as there is distrust in the various other asset classes and counter parties.
A bit disappointing to read such mindless repetition of mainstream ignorance in Investors Daily Edge.
It is articles like this that will ensure a majority of people stand clueless when US dollar goes through the floor.
Kind regards
Mika
watched 钱不够用 with SEVEN guys.
i dunno what to say. its good and bad.
they emphasized on ERP alil too much. the cgi wasnt perfect.
hui ge's acting has improved.
but its quite saddening how ah ma died.
and the bloody hokkien song kept repeating itself.
i still dunno whos the main actor.
=X
not to worry. its unrelated with its sequel.
i will give it a 3 star rating but since they feature some part of jurong..
3.5stars
=D
LOL.
act like im some major critic.
anw. kaiquan's bday just passed.
so if you nvr wish him i will remind him for you.
haha.
damn i wish my bday is here. i dont really fancy celebrating it with fellow baldies.
T.T
3:58 pm
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