Sitting on gold is a smart thing to do.
Based on what? That the dollar will crash and cease to exist? Or just that its value is going up while morons speculate that the dollar will crash? If its based on value, there are better investments. If its based on the dollar crashing, that's ridiculous, as putting any value in gold at that point is, as Sweetums has already pointed out, just placing another artificial value on something. The mechanic skills of your friend, is a tradeable asset should our current form of currency fail.
I actually had thought you were a bit smarter. Throughout Man's civilized exixtance what has always held value?
Our country used to back our currency with it. Then moved to Silver before backing our money with ???? a Gurantee?
You really don't understand math, do you?
What has always held value? I'd say clean water. Humans may like beautiful things, but try trading your gold for food when your neighbor is starving.
Or actually upon second thought, salt. That **** was offered up to pharaohs. You could trade it for nearly anything, even slaves. People fought wars
over salt. It's only in modern times that it's become so widely available. Edited, May 6th 2011 4:17am by Sweetums
Iamadam the Prophet wrote:
You know that feeling you get when you have a little bit of hope, only to have it ripped away? Sweetums feeds on that.