[xstuntman]

Gold was money.

I suspect it will be again, most likely very violently.

Timing is elusive though.

 

[xstuntman]

Or the milkman, delivering to the door in glass containers. Or party lines. Payphones. B/W TV.

We have gone back to tv antennas so you just never know huh?

 

[xstuntman]

I've been following six pages of fantastic discussion and so far I see PeterEnergy has a good understanding of the subject.

Others seem to struggle on the commodities/what-is-money/inflation issue that has turned much of this country into serfdom. It's almost as if turning "true" money into a commodity along with FRN inflation over sufficient time has some how caused all this by evil, greedy intent. The more recent generations have no concept of ever using real money. It's like it was planned that way.:taped: The relearning could be extremely painful.


Ok, back to chickens, and please get to the nuggets already.

 

[xstuntman]

Nope that is factually wrong. From 1980 to 2001 gold lost over 80% of its value.

Caught you.
You cherry picked a spike in gold price due to fears of the Russians invading Afghanistan during the 1980 time frame. A true example would be from 1973 ($106) to today ($1278).

Bad form old bean, very bad form.

 

[xstuntman]

I admit I cherry picked the highs and lows to prove you statement was untrue. If you want to circle out the three highest highs and three lowest lows of the last 100 years fine. your statement of holding value is still proven false. If you eliminate those time periods, that would be 6 individual time periods of variation per 100 years then the lack of time for which your point does not apply because of special cause still proves the point gold does not store value.

Like I told the other poster. If you have any stistical modeling (not a link I have read those) that proves an algorithmic relationship of gold's store of value please post it.

I WILL TAKE MAKING MONEY OVER BEING RIGHT ANY DAY.

And that's why arguing with you is futile.
Proof is discarded, your right, everyone else is wrong.
But you at least buy metals and thats something.
Good for you, your not a total loss