GOLD IS HOT...DON'T INVEST TILL YOU HEAR THIS.greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
FACT: If you would have invested $1000 in gold 10 years ago you would have $600 . What would you do with all that extra cash. Retire ? Yes, you could have. Now is the time to buy gold as is everytime in history. Live it up with the greatest of investments of all time. Actually the next 10 years is going to be like this. $1000 in gold will be worth $600 in 10 years. TRUE OR FALSE In either case tell me what you think the price will be in 10 years. I will be back later to TO TELL THE TRUTH
-- Tony (email@example.com), January 14, 2000
When looking at the value of gold in a historical sense. Gold has no value, in that all things are measured in Gold. All things are measured in terms of gold not the other way around. A mans suit was worth $20 US in 1900 and one oz of gold was worth $20 US so gold was worth one mans suit in 1900. A few years ago a mans suit was worth about $500 and gold was about $500/oz. Today because of the deflationary world that technology and cheap labor being accessed around the world a mans suit can be purchased for about $300 and what is gold worth. As you can see gold is the store house of value and properly reflects what the market is doing, even though we migh not like it. Gold always show us the truth.
-- justthinkin com (firstname.lastname@example.org), January 14, 2000.
When could ANYONE see for sure what the future holds. I smell skull duggergy here.
Kay Sara sara, what ever will be will be, the future is not ours to see, Kay Sara Sara.
And I am supose to belive that you KNOW the future value of GOLD, HA
-- Its (email@example.com), January 14, 2000.
What did people fleeing the Nazis in Europe take, their deutchmarks or their gold?
-- JB (firstname.lastname@example.org), January 14, 2000.
Jeez...I'm so excited I'm about to pee all over myself...Please hurry back Tony to tell us the truth. I suppose you offer a money-back guarantee!
-- Excited (Canemail@example.com), January 14, 2000.
Believe it. Gold within 10 years will be worth more than $2000 an oz. TRUE OR FALSE Be back later TO TELL THE TRUTH
-- Tony (firstname.lastname@example.org), January 14, 2000.
We have a friend who lived in Armenia during WWII. Women were trading gold braclets for a loaf of bread. Gold has no value in and of itself except within some sort of context. When you are starving, gold has no value.
-- Todd Detzel (email@example.com), January 14, 2000.
I'm not willing to wait 10 years and invest $1,000 in gold just to see what it's going to be worth. NO ONE has any way of knowing what gold or silver will be worth. I just read somewhere recently that China is getting ready to unload tons of silver. I'd rather put $1,000 into a CD and make 6% that to invest in gold and make nothing.
-- ~~~~ (~~~@~~~.xcom), January 14, 2000.
They used to say that an ounce of gold would buy a good man's suit. But that's too old fashioned.
I like to think that an ounce of gold will always buy a share of Amazon.com.
-- Me (firstname.lastname@example.org), January 14, 2000.
My Gold is a box of bullets. Ounce for ounce, I can get MUCH more in the bargaining. Including your Gold.
-- Sgt. Rock (email@example.com), January 14, 2000.
Rock On , Sarg!
-- Gee Piles (firstname.lastname@example.org), January 14, 2000.
Probably a more interesting comparison would be to compare 2 "stores of wealth." What would 1000.00 of cash held ten years be worth?
I predict the price will fluctuate over the next ten years. With a likely chance of at least one 1970's style run-up if not more.
-- Squid (ItsDark@down.here), January 14, 2000.
One thousand dollars worth of U.S. currency is worthless fiat paper. The Saudis do not accept it in payment for crude oil. When other countries stop accepting it, it is finished and this country is finished. One thousand dollars worth of gold will always have worth. That's why people buy it.
-- Y2kObserver (Y2kObserver@nowhere.com), January 14, 2000.
Anytime anything is as scorned, ridiculed, and out of favor as gold,its time to buy! and SOON!!
-- John Schade (email@example.com), January 14, 2000.
Anytime anything is as scorned, ridiculed, and out of favor as gold,its time to buy! and SOON!! Anytime something is as universally promoted, loved and worshipped as the NASDAQ its time to SELL, QUICKLY!!!
-- John Schade (firstname.lastname@example.org), January 14, 2000.
To hell with gold. Does anyone know what an ounce of Element 115 goes for these day's?
-- ~***~ (~***~@earh.ebe), January 14, 2000.
Oh My, I'm way behind the times in the Periodic Table. I got only as far as Lawrencium (element 103). Tho, I wouldn't be that surprised if there's an element 115. It is a big Universe, and it is stranger than we can imagine. But I'm more in tune with Justhinking and J. Schade regarding element 79. In today's bubble, people cannot escape linear thinking and measure Gold as per $ equivalent. I see Gold as insurance, and no matter what fiat paper is in vogue, the 79th element always keeps its value (and beauty). I buy it as insurance, not as investment. And, well, no, you can't know the future, you can only glimpse it. But only if you know the past, i.e., History. As it was, it'll be. Nothing really new under the Sun, only different shades.
-- Eli (Eli@zephyr.net), January 14, 2000.
I make my own gold by removing three protons from Lead.
Anybody wanna buy some, half price - how about $150 an ounce. Makes great jewellry for your ex!!
The answer is $3,000
-- Andy (2000EOD@prodigy.net), January 14, 2000.
The price of gold in 10 years - hmmmmmmm. That answer no one knows. Nine years from now, we'll see! As for now, it's fool's gold!!!
-- Val (email@example.com), January 14, 2000.
This whole thread is ridiculous. Regardless of the phony & sarcastic blather, gold will become more and more valuable in 2000 & 2001 as the oil price rises and the $US tanks (due to the world figuring out that the Euro is far more stable than the importing/exporting mess that is the US of A).
-- Think It (Through@Pollies.Duh), January 14, 2000.
Maybe I should be investing in men's suits. BTW, everytime I wear out a suit and replace it, I find that the one I leave the store with is larger than the one I am replacing. Is this an example of inflation in the commodities market?
-- Jay Golter (JGolter@aol.com), January 15, 2000.
Why buy gold when you can buy shares of bubble.com stocks that are losing money about as fast as it's printed? This is your opportunity to get in on the ponzi scheme of a lifetime! Buy stocks of money losing .com companies now!
-- X (X@X.com), January 15, 2000.