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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.
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.
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.
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.
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