Menu
 News
 Search
 Topics
 Stories Archive
 Submit News
 Discussions
 Code of Conduct
 Forums
 Forum Search
 Last 24 Hours
 PO 24hrs
 Peak Blog
 Ask Jane
 Resources
 About Us
 Downloads
 Web Links
 PeakWiki
 PeakPortal
 Focus Search
 Peak TV
 Peak Oil Boston
 Houston Peak Oil
 Follow on Twitter
 Members
 User Panel
 Members List
 PO Team
 JOIN!
 Private Messages
 
Support PeakOil.com
Visit Our Advertisers
 
Light Sweet Crude Oil
 

Net App Training
Aaron





Post new topic Reply to topic  [ 6 posts ] 
Author Message
 Post subject: Saudis Buy Gold
New postPosted: Fri Nov 14, 2008 12:07 pm 
Offline
Fission
Fission
User avatar

Joined: Fri Oct 28, 2005 12:00 am
Posts: 2552
Have they found a way to eat it?

http://archive.gulfnews.com/articles/08 ... 59112.html


Top
 Profile  
 
 Post subject: Re: Saudis Buy Gold
New postPosted: Fri Nov 14, 2008 3:27 pm 
Offline
Light Sweet Crude
Light Sweet Crude
User avatar

Joined: Tue Mar 25, 2008 12:00 am
Posts: 1572
mattduke wrote:


I thought you were a big time gold and silver bug and now you're criticizing when other people get in on the action?

And yes, Muslims have found a way and we won't tell you. :P Stupid Amreekans.

_________________
Riches are not from abundance of worldly goods, but from a contented mind.


Top
 Profile  
 
 Post subject: Re: Saudis Buy Gold
New postPosted: Fri Nov 14, 2008 3:57 pm 
Offline
Tar Sands
Tar Sands
User avatar

Joined: Thu Jul 31, 2008 12:00 am
Posts: 66
Gold doesn't work in a total economic collapse but it makes sense if you don't want to hold pieces of paper (fiat currency) during a financial panic such as we are going through now. Gold may not hold all its value but it will hold more than American dollars will.


Top
 Profile  
 
 Post subject: Re: Saudis Buy Gold
New postPosted: Fri Nov 14, 2008 5:48 pm 
Offline
Moderator
Moderator
User avatar

Joined: Sat Dec 18, 2004 1:00 am
Posts: 6416
Location: One Mile From the Columbia River
Jim Rogers says commodities are the place to be right now. Maybe the Saudi's read this and decided now is the time to trade dollars for something of value.

_________________
Got Dharma?

Everything is Impermanent. Shakyamuni Buddha


Top
 Profile  
 
 Post subject: Re: Saudis Buy Gold
New postPosted: Fri Nov 14, 2008 6:26 pm 
Offline
Expert
Expert
User avatar

Joined: Sat Jan 22, 2005 1:00 am
Posts: 7917
eastbay wrote:
Jim Rogers says commodities are the place to be right now. Maybe the Saudi's read this and decided now is the time to trade dollars for something of value.


Rogers might be making the right decision for all the wrong reasons.


Top
 Profile  
 
 Post subject: Re: Saudis Buy Gold
New postPosted: Fri Nov 14, 2008 6:29 pm 
Offline
Expert
Expert
User avatar

Joined: Fri Jan 04, 2008 1:00 am
Posts: 2839
That's where I'm headed, commodities, of the useful sort. Been a hard-goods afficianado forever, which has done well for me. Gold is for those with more money and knowledge than me.

_________________
Local fix-it guy..


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 6 posts ] 


Who is online

Users browsing this forum: deMolay, Exabot [Bot] and 19 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  
Atom News Feed   Forums RSS Feed