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Message
re: Buying actual gold
Posted on 3/6/13 at 6:19 pm to joeytiger
Posted on 3/6/13 at 6:19 pm to joeytiger
quote:
“Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
“What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth — for a while."
Warren Buffett
Stop watching commercials, Gold is stupid
Posted on 3/6/13 at 6:33 pm to Vols&Shaft83
quote:
Stop watching commercials, Gold is stupid
I'm surprised you didn't throw a "bitcoins mother fricker!" in there
Posted on 3/6/13 at 6:40 pm to Vols&Shaft83
quote:
“What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth — for a while."
I'll go along with what that guy said.
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