So fuking what!! You think the world will go to hell now? Gold always moves on uncertainty like BEFORE a war or a percevied war. Once the actual deed happens or Saddam the
And what the hell does it have to do with CIEN?
Burn shortie, burn.
Interesting point about China. And yes, clearly gold has uses other than in jewelry, although I am aware of no industrial process for which gold is indispensable.
It is getting late. Thanks for your thoughts. Ciao, amico.
Well, that statement was in response to daffy's statement that it only use was in jewelry and was just a useless metal. I was pointing out that it DOES have other uses. And now that China has approved of possession of gold by its citizenry, it seems that the demand could easily double.
You may turn out to be right. However, you are now applying a very different rationale, it seems to me, than you were earlier when you talked about the inherent value of gold as an industrial commodity.
I think everything goes in cycles, whether it be gold, stocks, business,or housing. The point is, if the nazdog could go to 5000 before anyone realized there was a bubble, is it unreasonable to think that gold couldn't double or triple to catch up with the prices of other goods?
How many shares of GM or GE did it take to buy a house, then vs. now? I never bought a house with either stock or gold, but I bet the buying power of GE has held up better than that of gold. Am I right?