Gold Will Soon Be Worthless, Warns Economist

[Shami-Amourae]

https://www.youtube.com/watch?v=IeFtYWER1ac

http://finance.yahoo.com/news/gold-become-worthless-145333773.html

[Glass]

its a fixed mind set these guys have. they are looking for a return on gold so they only consider it as a tradeable thing when it isn't. They are always looking to exchange it for more debt (fiat) than the amount of fiat they paid out for it in the first place. Its a settlement tool for nations to use when trading between themselves. It is not perishable unlike everything else barring silver. Every other thing that can be exchanged between parties for settlement is perishable and as such makes the timing of the exchange that much more critical. The exchange has to happen before the things being exchange perish to such a point that one or both parties lose value.

Very blinkered. but good on him for chasing fake wealth. I applaud his efforts. yes gold will probably cease to be exchangeable for fiat like it was between 1933 and was it 1971 or '75?. That is the measure of worthlessness he is using. And still no one understands bitcoin. Let the game continue, as it will while so many people don't even know what the game is.

[palani]

Gold Will Soon Be Worthless, Warns Economist
"ECONOMISTS HAVE ALWAYS BEEN WORTHLESS" reports gold prospector.

[madfranks]

My fundamental argument against gold is that it has little fundamental value.

Just like fiat paper money?

[pitwab]

Just like fiat paper money?

I keep hearing this but if I take a 1/10th ounce gold coin or $130 into a grocery store, I know which one will allow me to take food home. I've taken silver into the local tractor selling place to trade for parts but if I hadn't had fiat money I wouldn't have fixed the tractor either.

[palani]

if I hadn't had fiat money I wouldn't have fixed the tractor either.

Fiat money [aka corporate coupons] is a useful means of exchange between corporations and their agents. Sort of like poker chips when playing seven card stud.

[madfranks]

The point being, he doesn't like gold because it has little fundamental value, but I bet he loves paper FRNs as he stuffs them into his wallet.

[pitwab]

The point being, he doesn't like gold because it has little fundamental value, but I bet he loves paper FRNs as he stuffs them into his wallet.

You would lose your bet.
I'm pointing out that as long as the world is running on Fiat then we need to use some. I paid off everything I ever owed to anybody and have set up my home in order to live on little money of any kind. I stack silver/gold for fun and if someday I feel like buying more land or a different boat I can sell enough to stay out of debt. The idea of leaving a stack for grandkids is replusive to me as they need to learn how to make their way the same as I did.

[Neuro]

You would lose your bet.
I'm pointing out that as long as the world is running on Fiat then we need to use some. I paid off everything I ever owed to anybody and have set up my home in order to live on little money of any kind. I stack silver/gold for fun and if someday I feel like buying more land or a different boat I can sell enough to stay out of debt. The idea of leaving a stack for grandkids is replusive to me as they need to learn how to make their way the same as I did.
Welcome to the forum! When you die, who will get your estate? Did your children learn to make their way yet?

[Horn]

Just like fiat paper money?

Without gold computerized articles from economists on the internet would be near impossible after a few months of tarnished board connections.

[pitwab]

Welcome to the forum! When you die, who will get your estate? Did your children learn to make their way yet?

The wife will get everything to live on comfortably as she was with for the rough rides too. Yes I'd say my boys could make it on their own when they finish high school as they can both get out of bed, work, cook, mechanic, butcher any animal and make it into useable food, interact with people without the an electronic device, build a house, work with electricity, plumb, weld and pretty near every basic skill needed to survive. They both know how to hunt, trap, fish and play sports as part of a team. When not working with me they are always being called upon by the neighbors to work on farms or in a couple welding shops. At ten years of age I had the oldest read the map on a trip through Sask, MT, BC and home so they can do that as well without depending on a GPS[Cool part was we got to see some things most will never see]. The one has his own stack of silver 10 oz bars he bought at $18 and will add to if it gets down there again he hopes to double down on, the other has an interest in old coins. They both can barter without money for things they want so I'm guessing they have a good start. When a 15 year old can make $1,000/day he learns that finding the right job is important too. They can both book hotel rooms, get plane tickets and have their own friends to visit across our country and invites to visit Iceland and Denmark.
Yep I'd say they are ready.

[palani]

Yep I'd say they are ready.

Then maybe you should emancipate them?

http://i48.tinypic.com/xpbmyx.jpg

[pitwab]

They are free to do as they will. If and when they don't like the house rules there is a whole world waiting for them. People talk about how gold is worth/worthless but to me it is just a method of holding some worth that has been time proved. I trust banks, politicians and insurance companys exactly the same amount, so I do what I do to look after me and mine.

[Neuro]

The wife will get everything to live on comfortably as she was with for the rough rides too. Yes I'd say my boys could make it on their own when they finish high school as they can both get out of bed, work, cook, mechanic, butcher any animal and make it into useable food, interact with people without the an electronic device, build a house, work with electricity, plumb, weld and pretty near every basic skill needed to survive. They both know how to hunt, trap, fish and play sports as part of a team. When not working with me they are always being called upon by the neighbors to work on farms or in a couple welding shops. At ten years of age I had the oldest read the map on a trip through Sask, MT, BC and home so they can do that as well without depending on a GPS[Cool part was we got to see some things most will never see]. The one has his own stack of silver 10 oz bars he bought at $18 and will add to if it gets down there again he hopes to double down on, the other has an interest in old coins. They both can barter without money for things they want so I'm guessing they have a good start. When a 15 year old can make $1,000/day he learns that finding the right job is important too. They can both book hotel rooms, get plane tickets and have their own friends to visit across our country and invites to visit Iceland and Denmark.
Yep I'd say they are ready.
If they are that good you should give them your stack in a couple of years, after they have proved themselves some more, and you get a part of the enterprise they create with your money. No matter what you have given them a good start. I am just saying that you could propel their careers and your own savings beyond what you have given them so far by giving them more. There is nothing wrong with giving a trustworthy person a kick start, even if it is your son.

[pitwab]

If they are that good you should give them your stack in a couple of years, after they have proved themselves some more, and you get a part of the enterprise they create with your money. No matter what you have given them a good start. I am just saying that you could propel their careers and your own savings beyond what you have given them so far by giving them more. There is nothing wrong with giving a trustworthy person a kick start, even if it is your son.

In a couple years one will be done high school and the other will beginning it. I know very few people who knew what they wanted for a career at that age, I sure as [L] didn't know. I left one of the largest farms in our area and went to Australia to work for peanuts[and experience]. My father wanted me to farm and would have helped me set up I'm sure as he did my brother, however I wanted no part of being told how to run my life to satisfy them. So giving them the stack in my eyes could be detrimental. They can both go on to university or college if they so choose cause I made sure to put money away from the day they were born to pay for that. I guess I kinda/sorta believe life is what you make of it and just like gold it can be of value used right or worthless when you need it.

[Dogman]

There is a basic truth said above.

[Neuro]

In a couple years one will be done high school and the other will beginning it. I know very few people who knew what they wanted for a career at that age, I sure as [L] didn't know. I left one of the largest farms in our area and went to Australia to work for peanuts[and experience]. My father wanted me to farm and would have helped me set up I'm sure as he did my brother, however I wanted no part of being told how to run my life to satisfy them. So giving them the stack in my eyes could be detrimental. They can both go on to university or college if they so choose cause I made sure to put money away from the day they were born to pay for that. I guess I kinda/sorta believe life is what you make of it and just like gold it can be of value used right or worthless when you need it.
Everyone is different, your father gave a start-up capital with strings attached to your brother, you didn't want to deal with it. Maybe one of your sons would appreciate that and would accept your terms, or both or none. As far as I see it nothing should be written in stone when it comes to our children...

[steyr_m]

You would lose your bet.
I'm pointing out that as long as the world is running on Fiat then we need to use some. I paid off everything I ever owed to anybody and have set up my home in order to live on little money of any kind. I stack silver/gold for fun and if someday I feel like buying more land or a different boat I can sell enough to stay out of debt. The idea of leaving a stack for grandkids is replusive to me as they need to learn how to make their way the same as I did.

Contact your MPP. Hound him [her?] and ask if Au/Ag can be made to legal tender. Some US States have done it. Welcome to the board.

[palani]

ask if Au/Ag can be made to legal tender

In a world where the blind lead the clueless this could sound rational.

A tender is an offer. A legal tender is an offer in exchange for things that are legal. Legal things are determined by legislature (for the most part).

Lawful money is money that comes with no obligations (strings) attached. Constitutional money is specie (gold or silver coinage). Constitutional money is lawful money but all lawful money is not constitutional money. Lawful money (all sorts ... including gold and silver) may be used to extinguish debt for lawful things. Lawful things are much more common than legal things. One example of a thing not lawful is insurance but we all know that insurance is a thing that is legal. Another thing not lawful and not legal is hiring a contract killer. Legal things are medical mari-go-juana (in some states). In other states this is not a legal thing. In all states medical mari-go-juana is lawful. In Nevada hiring a prostitute is legal. Hiring a prostitute is neither legal nor lawful in many states but if you stipulate that you are paying her to leave and the sex is free ... that might be lawful. Might even be legal.

[pitwab]

Everyone is different, your father gave a start-up capital with strings attached to your brother, you didn't want to deal with it. Maybe one of your sons would appreciate that and would accept your terms, or both or none. As far as I see it nothing should be written in stone when it comes to our children...

My brother at 23 years of age got killed on the farm 200 yds from the house he grew up in doing what our father wanted him to do. Not saying he wouldn't of died doing something stupid elsewhere but I will say he died because he was a follower. I ain't going to live my life feeling like dad did after that as the boys will make the decisions that will decide their fate. When people get comfortable doing as things have always been done it seems that the mind becomes clogged with ideas that are redundant. By being a free spirit I learned enough to build my own house on my own land, raise food, gather respect from friends and neighbors by my actions and to be responsible for my actions whether that meant being hungry or not. Everyone must do what they are comfortable with and I made my way doing it my way.

[Neuro]

Sorry about your brother! Was it an accident?

[pitwab]

No need to be sorry[I still thank you for that] as it was an accident that happened 38 years ago, it was with a machine designed to grind up forage that he got caught in. It kept me from having to fight with him for my whole life. I was just pointing out that if one is gonna die doing it is just as well we die doing what we want.

[Buddha]

Found this shoved in my face on the home page on a friends comp.

9 high-risk investments not for amateursFrom short sales to IPOs, these investing moves promise big rewards -- along with oversized risk. Leave these investments to the pros.

By Marcie Geffner, Bankrate.com (http://www.bankrate.com/?pid=p%3Amsn)


http://col.stb.s-msn.com/i/82/4558926C7873241C99F92C8AA786.jpg (http://www.bankrate.com/?pid=p%3Amsn)

http://col.stc.s-msn.com/br/sc/i/06/eafb68e137de734539819cdefa3600.png (javascript:void(0);)http://col.stc.s-msn.com/br/sc/i/d8/abd43ce7fea91d0bb6ce3c3ec6bfba.png (javascript:void(0);)10 of 11

http://col.stb.s-msn.com/i/87/14F5359BD95C910217EBEF83471DD_h218_w423_m6_ofalse_ lfalse_bwhite.jpg (javascript:void(0);)

Precious metals
Gold is sometimes touted as being ultrasafe, but it's "actually pretty high risk," Wacek says.
Unlike companies, gold doesn't pay dividends or earn profits. Precious metals are worth whatever the market price on a given day indicates they're worth.
That lack of intrinsic value tends to make the price of gold and other precious metals very volatile, Wacek says. That makes them a high-risk investment.

[gunDriller]

The point being, he doesn't like gold because it has little fundamental value, but I bet he loves paper FRNs as he stuffs them into his wallet.

all that Silly Valley "wealth" ... people putting their $$ into T-bills & Facebook - what could go wrong ? /sarc

$Trillions, all looking for a medium of exchange & a store of value.

if 1% of Silicon Valley wealth decided that precious metals was the way to go ... game over + default on the physical.


i know, let's buy another house in Palo Alto ! ... so we can pay that 1% property tax on a $2 Million home. /sarc

[Spectrism]

Yes- gold will be worthless soon. Quick! Sell it to me at half price so that you don't lose everything.

[Horn]

https://www.youtube.com/watch?v=y99xoXiIuqg

[Dachsie]

A word from Dachsie this Saturday morning, one who is never afraid to post comments about something about which she knows absolutely nothing.

"Gold Will Soon Be Worthless"

But there is a time AFTER that point in time. And then people who want to invest in gold will find it almost impossible to get into gold because the price will be so very high.

If you are storing physical gold in any form for your personal security and you hope to be able to buy food and basic life necessities with that gold when the bad time comes, I think you are maybe chansing after the wind. You have to have skills and land and a right heart with God to be able to weather the coming storm. Gold and silver won't cut it.

[mick silver]

I just gave all my gold an silver away ............ why wait do it now before they outlaw it . if anyone need my post office box number pm me

[rolledgold]

Nervous Laughter or what? That guy is out there. Solar Flare? Phoenix currency? It sure is going to be fun to watch the doom & gloomers try & spin the pm price drops over the next bunch of years.

[Horn]

It sure is going to be fun to watch the doom & gloomers try & spin the pm price drops over the next bunch of years.

Doom should be spinning the dollars direction at any moment, with the the wall of worry just ahead.

http://www.reuters.com/article/2014/09/12/us-markets-forex-idUSKBN0H700I20140912

[Neuro]

Nervous Laughter or what? That guy is out there. Solar Flare? Phoenix currency? It sure is going to be fun to watch the doom & gloomers try & spin the pm price drops over the next bunch of years.
Woohoo buying opportunity! How cheap is it going to be?

[crimethink]

If you place your faith in man and your trust in digits, then, yes, perhaps gold will one day be "worthless."

[GoldFather]

This is so dramatic. Why is the outlook of gold for 2015 so bleak. No faith.

[Neuro]

The idea of leaving a stack for grandkids is replusive to me as they need to learn how to make their way the same as I did.
So my father was buried yesterday, and he did just that, actually he left mine and my sisters children a wad of cash, as he had decided that I and my sisters were fine anyway, we actually are, but I think it is beside the point. The condition is that we as parents are guardians of these money, until they are 20, so I am going to transfer the wad of cash into bullion, when we get it from the estate. Anyhow I am not comfortable of giving these money to my children at such an early age, I know myself I would have probably wasted them away at silly things, if I had gotten around that amount of cash, and I would have been worse off for it. But I consider my fathers wish re this to be sacred... Anyhow, maybe I can make a deal with my children (now 11 and 15), that they could get the inheritance between 18-23 if they find a worthwhile investment that I agree with putting the funds in, if not they get it at age 24. I don't think my dad would have appreciated if they would have wasted away his hard earned money on silly things. He sometimes payed for me so I could get back home when I was travelling, but I had to pay these money back to him when I could.

I would like to get the forums input on this.

[Dogman]

Think you are doing the right thing. Tho it does depend on the kid/young adult, some have good heads on their shoulders, and others not so much. It helps that they learn the real value of money/wealth and it does not just fall out of the sky, or plucked off a tree as needed and being spendthrifts.

Good luck, and it should be interesting to you watching them grow up and mature, ultimately it will be out of your hands, all you can do is try and teach them the value of savings and wise investments that make their money work and grow for them.

Sounds like your dad, did understand value and savings.

Good luck in the contest !

[EE_]

Tell them the money is for a down payment on their first home...unless you are planning to have them stay with you indefinately?
In 10 years it may be harder then ever for a young person to buy their first home.

Just my thought

[Dachsie]

I am really appreciating all the great input in this thread. I must have put something in somewhere way back when but who knows, my short term memory sucks these days.

I really liked what neuro had to say too.

So I am just going to throw out some random thoughts I have learned over the last few years by reading and going through my evolution from being white european/cherokee Catholic democrat to a heathen protestant co-ed to gradually becoming a John Birtcher and then a Dr. Stan Monteith follower and then a Ron Paul follower and Libertarian/libertarian and, horrors. a voter for the Republicans sometimes. Mea culpa, mea culpa, mea maxima culpa!

I heard one say, he took his son out in the woods, and he showed where he was burying all his gold and silver coins and told his son that is where to come get after he dies. Sounded pretty good to me when I was in my Bircher and Ron Paul stages.

But now, Dr. E. Michael Jones' new book, is called "Barren Metal ______"

You know like, the gold and the silver is barren. It don't have babies, man. It doesNOT produce and bring forth more new good things. There are some parables about the "talenTs" in the New Testament, and one servant held on tight to the money the master left in his care and he just didn't put that money to work. He hid under a bushel = ok, so I'm mixing parables. You get the message.

And like dollars in a bank collecting interest is not really money out there working and producing. Interest on loans and interest on savings is just a devil's game. It is called usury and it is from the pit of hell and that is how the Brotherhood of Darkness took over the world. Ok, so anyway...

There is a Catholic economist now who says "Capitalism is state-sponsored usury." This Ellen Brown person and lots of good appearing Lefties out there there Bank of North Dakota stuff it still involves fractional reserve banking which is creating money out of nothing and the state or a small cadre of people are still going to control supply and therefore depressions and recessions and all that jazz. Excuse typing errors, eye and other health problems lately gets it all screwed up. Just ask me and I'll fix it.

Anyway, economists they are good for something. They are not totally useless as they appear. They study about money flow and what should back paper currency. That is important of course the Church does not have anything to say about specialized areas like that. But when you talking exchanging "money" for goods and services, you know, the moral free-will choice of the individual is involved and that is when the Church starts speaking up generally about things like usury and things related to money and economics. Our choices in our life have to do with our spirit, our soul, and like what we think, and what we say (and write), and what we do (our thought, words, and deeds in this life) are important to where our souls end up. There is an afterlife. There is a heaven and a hell. (When Jesus returns, there ain't gonna be no purgatory no more but is quite a bit in the bible to support the idea of purgatory.

I just don't know if I buy in to putting ALL your assets into metal. If there a time when you know the SHTF well, you gotta some movin around cash. You know, life the people fled New York City when on 0-11 they needed to have lots of big cash on them so they could flash it to the hotel clerk up north in New York and get a room. Just a example.


A metal sitting in a hole in the ground. It is barren. It aint creating good stuff = like stuff need to live and work and jobs a livin in general.

Just get a concordance and go all through the bible and just read the verses around those references. You see gold and silver, its the LOVE it that gets your messed up and so ya gotta be careful. You can get a greedy avaricious heart and you know that ain't gonna get you to heaven.

It is about balance and trying to look at things through Christ's eyeglasses. Don't accept "the world's" attitude toward silver and gold. Pray for balance and reason and the Holy Spirit, I;m tellin ya, He'll do ya proud ever time!



)

[Spectrism]

So my father was buried yesterday, and he did just that, actually he left mine and my sisters children a wad of cash, as he had decided that I and my sisters were fine anyway, we actually are, but I think it is beside the point. The condition is that we as parents are guardians of these money, until they are 20, so I am going to transfer the wad of cash into bullion, when we get it from the estate. Anyhow I am not comfortable of giving these money to my children at such an early age, I know myself I would have probably wasted them away at silly things, if I had gotten around that amount of cash, and I would have been worse off for it. But I consider my fathers wish re this to be sacred... Anyhow, maybe I can make a deal with my children (now 11 and 15), that they could get the inheritance between 18-23 if they find a worthwhile investment that I agree with putting the funds in, if not they get it at age 24. I don't think my dad would have appreciated if they would have wasted away his hard earned money on silly things. He sometimes payed for me so I could get back home when I was travelling, but I had to pay these money back to him when I could.

I would like to get the forums input on this.

I got mixed thoughts on this. Sure, you want to honor your falther's wishes. But his wishes have limits to rightfulness. It is YOUR responsibility to raise and care for YOUR children. He had his chance with his children. He is no longer here and his wishes (whether he was alive or dead) MUST NOT interfere with your authority and responsibility in raising YOUR children.

If my father did that, I would probably be insulted. Skipping a generation on inheritance does not sit right with me.

Also, this plan does not account for world conditions. With hell breaking loose around the world, having money set aside and untouchable could make a nice little pile of wealth that outlives the people who cannot touch it.

[Horn]

The masons magic number is 33.

Whether 33.3% is to be retained, or 66.6 is the question.

:)

[Neuro]

I got mixed thoughts on this. Sure, you want to honor your falther's wishes. But his wishes have limits to rightfulness. It is YOUR responsibility to raise and care for YOUR children. He had his chance with his children. He is no longer here and his wishes (whether he was alive or dead) MUST NOT interfere with your authority and responsibility in raising YOUR children.

If my father did that, I would probably be insulted. Skipping a generation on inheritance does not sit right with me.

Also, this plan does not account for world conditions. With hell breaking loose around the world, having money set aside and untouchable could make a nice little pile of wealth that outlives the people who cannot touch it.
My father was a realist and a pragmatist. If we need to make use of the wealth prior to the distribution he wouldn't have minded that either.

From a legal standpoint, the money should have gone to my mom, but they separated 3 years ago, and divided the financial assets, so my mom has agreed to honor my fathers wish of giving his money to the grandchildren. I am bothered and even slightly insulted by his decision to bypass me and my sisters though in the inheritance though. But I think it comes from the decision of his sister and her husband who didn't have any children of their own, to give everything to their siblings children, iow me, my sisters, cousins, and my uncles nephews, bypassing their brothers and sisters, iow my father and his other sister, reasoning they were ok anyway. This inheritance once my aunt dies , which I don't wish for, will dwarf anything my father left behind by a couple of magnitudes, so I think my father thought, that he would leave the money where they would make a bigger difference...

[Neuro]

Tell them the money is for a down payment on their first home...unless you are planning to have them stay with you indefinately?
In 10 years it may be harder then ever for a young person to buy their first home.

Just my thought
Either that, or a contribution to their continued education, or a business venture is my ideas. I don't think my fathers idea of a slightly better car was very good.

[Dachsie]

The USA economy has been blown away, past tense, by design.

OK? OK.

"Down payment on their first home." I'm sorry folks that is a thing of the past.

"Planning to have them stay with you." I'm sorry folks, it doesn't make any difference what you are "planning for them",

like 50 percent of kids rights out of college are living at home these days. Nobody "planned" this. Our busted economy has forced this situation.

30 percent of kids that have been out of college like for 7 or 8 years have moved back or never moved out of home. Again, this means these people cannot find a full time job with a living wage. They may or may not have been lucky enough to find a part-time low pay job but they still cannot afford even a cheap apartment.

"their continued education...." Look folks, a college degree does not mean jack bovine excrement these days so do not look to "education" to fix our busted economy. OK? OK.

Ditto as above for the "business venture" thing.

Get your survival skills going. Don't sell your soul. Don't be evil. Get right with your God and pray to the Paraclete, the Holy Spirit, the Helper. Then you and your soul will be OK.

Train your kids up in the way they should go. Train to be not conformed to the wicked wicked world system. Teach right and wrong and train up their consciences. Teach them about self discipline. Then they will never go wrong. The more you get along with the world, the more screwed you are. Get who you love in your spirit straight, and your priorities straight.

OK? OK.

[EE_]

Either that, or a contribution to their continued education, or a business venture is my ideas. I don't think my fathers idea of a slightly better car was very good.

I think it would be a better motivator for the kids to get their shit together and want to get a home. That means going to work and being responsible.
If they stay with you longer, the money stays invested longer.

Paying for the education I think should not come so easy, they should pay for at least part of their education.

I wouldn't want them to think they have a free ride in college and party hardy for 4 years, coming away with nothing.

I've seen a few young people come away from college and go to work doing something unrelated to their education.

I still like the home down-payment carrot better.

[ComputerYe]

I didn't find it so. Gold is always said to have some trusted value. Moreover, I think , the current situation of the financial crisis and uncertainty in the economy is drawing people more people to invest in gold.

[BrewTech]

I didn't find it so. Gold is always said to have some trusted value. Moreover, I think , the current situation of the financial crisis and uncertainty in the economy is drawing people more people to invest in gold.

I'll have to agree... my Gold Ale is one of my best selling beers.

[Hitch]

Moreover, I think , the current situation of the financial crisis and uncertainty in the economy is drawing people more people to invest in gold.

ComputerHitch tends to disagree. The current situation is the stock market is booming, to your average media fed sheep, things are on the upturn. This is why gold has flat lined for the past few months. I don't see any evidence of "more people" investing in gold currently.

[palani]

I don't see any evidence of "more people" investing in gold currently.

A lot of losers are found in Vegas. People gamble to lose. This is a form of addiction just like investing. If you have no irons in the fire there is no stress involved in the success or failure of an enterprise. Reducing stress is possibly the single most healthy activity you can involve yourself in. It even tops exercise or proper nutrition.

[Shami-Amourae]

I didn't find it so. Gold is always said to have some trusted value. Moreover, I think , the current situation of the financial crisis and uncertainty in the economy is drawing people more people to invest in gold.

http://i.ytimg.com/vi/GD6qtc2_AQA/hqdefault.jpg

[Hitch]

A lot of losers are found in Vegas. People gamble to lose. This is a form of addiction just like investing. If you have no irons in the fire there is no stress involved in the success or failure of an enterprise. Reducing stress is possibly the single most healthy activity you can involve yourself in. It even tops exercise or proper nutrition.

I agree completely, but also, people make decisions based upon fear. Fear has a big affect on the price of gold, as we've seen in the recent past with the price of gold, in dollars, making an all time high. I know gold is counted in ounces, not dollars, but to the majority of the public, it is worth it's price in dollars.

[Horn]

A lot of losers are found in Vegas. People gamble to lose. This is a form of addiction just like investing. If you have no irons in the fire there is no stress involved in the success or failure of an enterprise. Reducing stress is possibly the single most healthy activity you can involve yourself in. It even tops exercise or proper nutrition.

Enigma tantamount... lol