[Homestead] More on Gold
bobford79 at yahoo.com
Wed Dec 24 12:31:04 EST 2008
Bev, I didn't start this thread; I responded to Leslie, with my opinion, which is just that, and could be right or wrong.
The example with Jews and gold that I gave is not analagous to a St. Christopher medal. It is that an ounce of gold will provide safe journey for them home from anywhere in the world. I have had a lot of Jewish friends over the years, gold is looked at differently, at least among those I have known.
Your alien goldmine guy is probably no more derided by the mainstream than a regular gold bug. But, if you had been listening (as an investor, not 'you' personally) to the goldbugs for the past few years, instead of the mainstream professionals, you would be a lot more comfortable today. But, over time, gold is a terrible 'investment'; it simply provides 'safety' in storage of wealth, and absolutely hedges inflation; which today is 'not' occuring. I know where you can buy gold dust, but I'll be damned if I'd eat the stuff -- it is a heavy metal.
What kind of chocolate candies are you making?
--- On Wed, 12/24/08, EarthNSky <erthnsky at bellsouth.net> wrote:
> From: EarthNSky <erthnsky at bellsouth.net>
> Subject: Re: [Homestead] More on Gold
> To: bobford79 at yahoo.com
> Date: Wednesday, December 24, 2008, 10:18 AM
> bobf wrote:
> > Bev, you have certainly mis-understood me. I am
> 'not' a gold bug.
> I know you weren't talking about yourself specifically,
> and I guess I
> should not have addressed you specifically in my post, but
> you are the
> one who keeps talking about gold. BTW, I don't even
> know what a gold
> bug is, never even heard the term from anyone other than
> you, but I
> assume it is someone who buys a lot of gold.
> > have argued their point; because it is 'one'
> point in a very bad scenario. I have also wriitten that a
> lot of the really well-known (and very smart) gold-bugs are
> considered 'nuts', by those who don't share
> their opinions.
> Fair enough. It is just not in my world.
> > I have always believed that a person should keep a
> "very small" portion of their investment
> portfolio, in gols, as a hedge against inflation. But, that
> is 'after' you have bought ahead the necessitties of
> You said the other day that you thought that you and I are
> of the same
> 'class'. I've never had an investment
> portfolio, let alone any gold.
> > Much of the discussion of 'gold' is just
> thinking aloud of the theroies of the 'goldbugs' and
> wondering of this time, they could be right.
> I understand your pondering, and my post assumed that they
> were indeed
> right, that gold would be a good currency after whatever.
> I don't know if you have any Jewish friends. If you
> do, ask
> > them if they will put a piece of gold on their child
> if sent on a long trip without them. All of the ones I
> know, and have known, attach almost a cultural significance
> of protection with that metal.
> I would never ask anyone something so personal. I guess I
> understand the point. Catholics and others give St.
> Christopher's for
> protection, too, but I don't see what that had to do
> with hoarding gold
> to use as a currency later.
> > I 'agree' with you; 'not' disagree.
> Now, there are times when someone believing that things
> might become really bad and they might have to leave their
> home, would want to carry currency to buy their beans, rice,
> shelter, etc. Sometimes the currency preferred is
> I wrote what I wrote to try to show anyone who thinks like
> this that the
> whole premise is flawed.
> > How liquid is land? How well how land held its value?
> The primary reason for 'my' losses is because I
> have always believed in 'land'; "property'.
> Things change, Bev. Sometimes in ways that are
> You just aren't getting it. I don't care if my
> land is worth 5K or
> 5000K, it doesn't matter. It will still serve me the
> same way, and I
> have no intention of selling it. I don't care if I am
> upside down and
> my land is worth 10% of what I paid, machts nicht. If I
> tomorrow that my land was worth $10/acre, I'd still
> sleep good tomorrow
> night, because I know my land will sustain me.
> Ok, so now to change the topic just a bit...a few tangents
> I thought of
> while I was making chocolate candy and ham rolls a few
> minutes ago....
> First, I may have spoken too quickly when I said that I
> would not trade
> for gold. As it turns out, you know gold salts are a
> treatment for RA.
> In light of that info, I might trade you, because I might
> be able to
> use whatever coin you have to make myself some medicine. I
> think after
> Christmas I will do more research on that just in case
> someone does
> offer me gold.
> Secondly, there is a theory I find interesting about gold.
> Sitchin, proposes, among other crazy yet interesting
> theories, that
> mankind was genetically engineered by alien to become slave
> labor to
> mine gold in what is today Zimbabwe. There are very deep,
> ancient mines
> there...The aliens needed gold from our planet to correct
> the atmosphere
> on theirs. Anyway, Sitchin says that humanity was
> 'pre-wired' to value
> gold, and of course provides cultural instances from around
> the globe
> throughout time to support his case for that belief. His
> considered quackery by most orthodox historians, is very
> thought provoking.
> -- The true significance of Sacajawea's involvement in
> the Lewis & Clark
> expedition is that it was the first documented trip in
> history where men
> asked a woman for directions and followed them, allowing
> them to arrive
> at their destination.
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