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Old 06-08-2008, 04:51 PM   #1
Gskdmidd

Join Date
Oct 2005
Posts
531
Senior Member
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i considered this myself. i have taken some steps, but not to a large degree. you need to understand why you are buying gold if you do. when buying gold there is no real guanreteed result. you are gambling. it is a safer bet then most, but you are gambling.

basically you are buying gold so that if/when the dollar falls, you have some sort of currency to trade with when a new currency comes along. or, if you move out of the us, to buy currency in the country you move too.

the gamble is, you do not know how much it will be worth, if the country you are moving to is going to be stable, or if there is even going to be money in the future.

it's not a bad investment if you have extra cash. here are 2 quotes:

"the release of atomic energy has not created a new problem. it has merely made more urgent the necessity of solving an existing one." --albert einstein (1879-1955)

"we can't solve problems by using the same kind of thinking we used when we created them." --albert einstein (1879-1955)


by keeping money, we may just well be clinging to a problem. the current short fall of the dollar is just making us aware of the problem quicker. now, if we keep money, we are using the same thinking that we used to solve the problem which has not had a positive effect on my life (i am well off imo).

in the light and love of all that is

paul
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