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Looks like investing in Gold is the way to go

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JBM
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02 Feb 2007, 5:25 pm

If I had bought 1000 onces of Gold in 2000, I would have already made $400,000

I'm going to have my sister buy $150 worth of Gold this weekend - she already invest in it and knows where to buy it for cheap



Awesomelyglorious
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02 Feb 2007, 5:30 pm

JBM wrote:
If I had bought 1000 onces of Gold in 2000, I would have already made $400,000

I'm going to have my sister buy $150 worth of Gold this weekend - she already invest in it and knows where to buy it for cheap

It just makes you think about those gold standard people.



jimservo
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02 Feb 2007, 5:38 pm

William McKinley would be very proud of you, JBM.



Awesomelyglorious
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02 Feb 2007, 5:54 pm

jimservo wrote:
William McKinley would be very proud of you, JBM.

Would he really be that happy that gold has risen so much relative to the current currency? After all, wouldn't that have destabilized an economy such as McKinley's gold standard economy? I don't disagree with the choice for a gold standard over bimetallism considering that the latter could have caused a problem with government monetary conversions. Not only that but suddenly adding another form of money would have caused a giant surge in inflation. Really though, the gold standard guy I was thinking of, and always think of is Federal Reserve Chairman Alan Greenspan.



jimservo
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02 Feb 2007, 6:05 pm

jimservo wrote:
Would he really be that happy that gold has risen so much relative to the current currency?


:lol: Me comment was not a serious one. I'm really terrible at economics. I understand the general stuff, but after I forget all the detailed stuff moments after it is after I logic it out. It's just too complicated 8O .



Awesomelyglorious
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02 Feb 2007, 6:15 pm

jimservo wrote:
:lol: Me comment was not a serious one. I'm really terrible at economics. I understand the general stuff, but after I forget all the detailed stuff moments after it is after I logic it out. It's just too complicated 8O .

Well, I was not taking your comment incredibly serious either, I was just still thinking about the gold standard. I think the major modern argument for it though, really does not stem so much from the efficiency of the gold standard so much as the distrust for fiat money stemming from certain ideas and theories on governmental intervention in the money supply, which I won't get into because I am mostly rambling thus far.



Hoorahville
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03 Feb 2007, 5:19 am

Who'd of figured gold would be a good investment. :lol: