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Is Gold the duddest of dud investments?
Everyone is buying gold. The frantic pace with which people are buying gold have prompted some to comment that gold has lost value as a commodity. According to Merrill Lynch, gold is "the duddest of dud investments." Ever since the U.S. dollar went off the gold standard, gold has had no special value as a commodity, with only 280 tons going to industrial uses per year. Read News
madmarc
Is it posible your head is so buried in your own ego that you cannot see the tremendous rise in price in gold over the last 9 years, over 300%? You only mention the 30% drop since March, idiot. THat central banks have been selling less and less gold every year for the last 4? Who wrote this sophomoric piece of crap? Your news is at least 3 to 4 years behind the times, nitwit.
Posted On : Feb 07, 2009 8:02 AM
Steve321
Since you say Gold is a dud, am sure you would not mind sending me all of yours. The IMF, who uses gold reserves for their money, would not mind sending me theirs. A;; major central banks hold gold, am sure they no longer need it so they can send it to me.
China is buying more gold for their reserves, am sure they are broke and have no sense of economic growth and prosperity. That is why they are over $10,000,000,000,000 in debit like the United States.
You are right, gold is a dud. (sense the sarcasm yet?)
Posted On : Feb 05, 2009 4:48 PM
