Triumphrat

Owenbrau

http://sphotos-b.xx.fbcdn.net/hphoto...74182358_n.jpg
http://en.wikipedia.org/wiki/Critici...ederal_Reserve

And why would you want your money based on a commodity that another country can manipulate? Heck, even the gold standard is still "fiat money", as gold is only valuable because most people agree that it is.

__________________
There is a fine line between "hobby", and "mental illness"

PopPop

So were beenie babies for a while, but . . . . . . oh well. Gold however has always been a good solid conservative investment because it is not only relatively rare, it also has intrinsic value.

__________________
Even people who claim everything is predestined, and that we can do nothing to change it, look before they cross the road. -- Stephen Hawking.

HAP

http://money.cnn.com/2012/11/20/news...html?hpt=hp_t2

Sad.

LEE

Yes it is...I remember all those items as a kid especially wonder bread, snowballs and of course twinkies.

Owenbrau

Gold's only intrinsic value is it's relative scarcity. It is very easy to create a glut on the market. As an example, imagine what would have happened had we been on the silver standard when the Comstock Lode was discovered. And that leaves aside hoarding and manipulation. Look at how DeBeers manipulates the diamond market. Any commodity based money has the same problems.

__________________
There is a fine line between "hobby", and "mental illness"

PopPop

Well it also has a great decorative value what people appreciate. And if you know how to create a glut of gold, please let me know

EDIT: I agree that a large part of gold's value is it's scarcity but that isn't at all the same as intrinsic value.

__________________
Even people who claim everything is predestined, and that we can do nothing to change it, look before they cross the road. -- Stephen Hawking.

Owenbrau

A glut could be created if new deposits were found, or a country slowly hoarded existing production then dumped it on the market.


Sent from my iPad using Motorcycle

__________________
There is a fine line between "hobby", and "mental illness"

ArmyVet

We talkin' Twinkies, or gold here? :-)

highcard

Here's an idea...

How about the baker's union and the teamsters put together a bid to buy the company?

Apparently, they feel that they know how to run the company, so give it a go. Sitting around bit***** and moaning about the "vultures" isn't going to bring these jobs back, so "man up" and "buck up" and show those evil basta*** how to run a company.

__________________
Give me 900 cc's of power....STAT

LoVel

Oh wait, you want uis to put our own money into it.

__________________
I'm an individual, just like everyone else.

Previously owned 2006 Sprint, 2007 VFR.