Can Individual Investors Force an End to the Comex Paper Gold Nonsense?
December 2nd, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument.
HAHA, this will be interesting to watch: Vaporize COMEX countDOWN.
Posted in Economy | Top Of Page
I voted for version two – cripe. I dunno why, but there is nothing that makes sense about the gold market anymore to me.
Do I regret holding it? Absolutely not. If I had more savings income to put there would I do so now, absolutely yes.
Converting dollars of the type that might get moldy under the mattress or become future fodder for the compost pile is not a cheap enterprise. However,it is also not a time to trust the banking system.
Criminee. Every time Paulson and Bernanke open their mouths in public the stock market tanks and investors flee to Treasuries. 600 points down today. Absolutely worthless investments. Lowest yields in history. But Treasuries are safe! Sure. And so is the red light at the intersection.
My thinking is that investing in metals now is paying for the return you will earn later.
Counterintuitive.
But paying for your returns now is not such a hard row to hoe.I think we’ll get back more than we ever thought we would ever need.
600 points down today. Absolutely worthless investments. Lowest yields in history. But Treasuries are safe! Sure.
Yeah, my guess is that individuals buying Treasuries are still thinking, “Default on these is impossible.”