Tuesday, May 24, 2011

Gold


I wonder when the gold speculators are going to realize that an ounce of gold - which is a stone that lays on the ground until someone picks it up - is not worth 1500 dollars an ounce. An ounce of gold is about the size of a pea. Very few people with 1500 dollars in currency would trade it for an ounce of gold. You cannot DO much with an ounce of gold. With 1500 dollars worth of canned tomatoes you can probably live for two years. At some point the gold speculators are going to realize that they are gambling that nobody will ever realize what I am now saying: that gold cannot help you in a true emergency or collapse of the economy: very likely you will need things - real things, not glowing stones - to survive. You can maybe trade one of your cans of tomatoes for a flashlight battery. But you probably wont be able to trade your ounce of gold for anything. Even though it is very valuable!

4 Comments:

At May 25, 2011 at 12:17 PM , Blogger Backwater said...

Then there is the difficulty of turning your gold into pea size pieces. What is the change for a gold pea? Two gold beebe's? I gots trouble keeping track of my pocket knife. Gold is not a problem, I don't have any except my wedding band and from time to time it turns my finger black. Now on the other hand if you have lead bullets and something to carry them in you could get a lot of stuff with just six and they are cheaper than gold.

 
At May 25, 2011 at 8:37 PM , Blogger jj solari said...

i like this logic

 
At May 25, 2011 at 9:25 PM , Blogger tex6667 said...

Gold as currency has always confused me. It's pretty, a great conducter of electricity and heat. besides that its as worthless as a third nipple on rush limbaugh's ass

 
At May 30, 2011 at 11:04 AM , Blogger jj solari said...

its great in industry and jewelry. i think jews pray to it. i could be wrong i would have to check with a jew to find out.

 

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