Yes. I've heard a conservative estimate of 1,000:1. Some put the estimate closer to 10,000:1.
And you have liberalism to thank for it.
Just wondering if this will be the next scheme to unravel.
Also why I bought physical gold.
Bush doubled the debt from 5 trillion to 10 trillion.
Proving tax cuts work!
Bush asked for and signed for the TARP money.
The Republican senate leader backed Bush on this.
Yes. I've heard a conservative estimate of 1,000:1. Some put the estimate closer to 10,000:1.
And you have liberalism to thank for it.
Do you mean that ad about converting my 401K to gold is not a good idea?
"It [the draft] is duty rather than slavery. I part with the author on the caviler idea that individual freedom (whatever that may be to the person) leads to nirvana, anyone older that 12 knows that is BS."
-(Midcan5)
"Allow me to masturbate my patriotism furiously and publicly at this opportunity."
-(Ib1yysguy)
"There is no 'equal opportunity' today unless the government makes it so."
-(apple0154 )
"abortion is not killing Its birth control"
-(Desh)
Buying gold now would be bad. You don't buy when it is at an historical high...
And yes, some of the funds managers "cheated"...
Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.
- -- Aristotle
Believe nothing on the faith of traditions, even though they have been held in honor for many generations and in diverse places. Do not believe a thing because many people speak of it. Do not believe on the faith of the sages of the past. Do not believe what you yourself have imagined, persuading yourself that a God inspires you. Believe nothing on the sole authority of your masters and priests. After examination, believe what you yourself have tested and found to be reasonable, and conform your conduct thereto.
- -- The Buddha
It is the mark of an educated mind to be able to entertain a thought without accepting it.
- -- Aristotle
Quote from Cypress:
"Scientists don't use "averages". Maybe armchair supertools on message boards ascribe some meaning to "averages" between two random data points. And maybe clueless amatuers "draw a straight line" through two random end data points to define a "trend". Experts don't.
They use mean annual and five year means in trend analysis. Don't tell me I have to explain the difference to you. "
Quote from Cypress:
"Scientists don't use "averages". Maybe armchair supertools on message boards ascribe some meaning to "averages" between two random data points. And maybe clueless amatuers "draw a straight line" through two random end data points to define a "trend". Experts don't.
They use mean annual and five year means in trend analysis. Don't tell me I have to explain the difference to you. "
Q: Senator Obama, would you take the same pledge? No tax increases on people under $250,000?
OBAMA: I not only have pledged not to raise their taxes, I've been the first candidate in this race to specifically say I would cut their taxes.
Quote from Cypress:
"Scientists don't use "averages". Maybe armchair supertools on message boards ascribe some meaning to "averages" between two random data points. And maybe clueless amatuers "draw a straight line" through two random end data points to define a "trend". Experts don't.
They use mean annual and five year means in trend analysis. Don't tell me I have to explain the difference to you. "
Is "virtual gold" just gambling on the price of gold with no real investment?
Bush doubled the debt from 5 trillion to 10 trillion.
Proving tax cuts work!
Bush asked for and signed for the TARP money.
The Republican senate leader backed Bush on this.
That is why I asked you why you posted this thread. The perception that more paper gold exists than the physical gold to support it is false. The reason is the 'virtual gold' ETF's that are out there.
The answer to the above is YES... the 'virtual' gold ETFs are designed to mimic the price of gold. They do not actually buy gold bullion.
Not all ETF's are virtual. Some, like GTU, raise money through share offerings and use that cash to actually buy bullion. So investors should be very cautious when buying ETF's. Know whether or not they buy the actual bullion or whether they are derivatives designed to ATTEMPT to mock the moves in the price of gold.
Personally, I would buy the ETFs like GTU (or the actual bullion as you did) and would stay away from the 'virtual' gold.
The actual mining stocks can provide better values at times with greater growth potential, but they are not always going to move in tandem with gold prices, so they are not to be used as the inflation hedge (at least not as good of a hedge) that gold bullion is.
Quote from Cypress:
"Scientists don't use "averages". Maybe armchair supertools on message boards ascribe some meaning to "averages" between two random data points. And maybe clueless amatuers "draw a straight line" through two random end data points to define a "trend". Experts don't.
They use mean annual and five year means in trend analysis. Don't tell me I have to explain the difference to you. "
Why I started this thread was my suspicion of scammers in the gold market.
Bush doubled the debt from 5 trillion to 10 trillion.
Proving tax cuts work!
Bush asked for and signed for the TARP money.
The Republican senate leader backed Bush on this.
Fuck, you're safer buying a company in bankruptcy proceedings than gold?
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