Posted by Bob Huntress on December 21, 2011 at 13:17:31 from (184.41.93.233):
In Reply to: OT: Buying Gold posted by George Marsh on December 21, 2011 at 09:17:35:
Gold has artifical value. It's worth is based almost exclusively on it's limited status. I use the phrase, "You can't eat gold". Unlike silver, consumer goods are not dependent on gold. Aside from it's artifical exchange value, gold is relatively worthless. If world economies were to go completely array, as gold pimps articulate, is gold what you want to be stockpiled with? Put a different way, what happened when the housing market was inflated to levels that were completely unsupportable? What happened to this housing market when the cost of housing greatly excceded the value of the houses, due to flipping and speculating? It crashed. Those holding the inflated mortgages were stuck with a bill for a house that wasn't worth what they owed. Now everyone needs a place to live, while gold is not as necessary to support life, and if a commodity such as housing crashes when the cost excceds the value, imagine how much a crash gold will take? I'm asserting that gold is in a massive bubble, that makes the housing bubble appear to be minor. Even if the gold pimps are right and the worls economy tanks hard, gold will still crash.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Grain Threshing in the Early 40's - by Pat Browning. The setting is rural Wisconsin, halfway between East Troy and Elkhorn, on Hodunk Road, our nation was at war, and I was 6, 7 and 8 years old. George was our "threshing neighbor." He was the one with the threshing machine, a JI Case on steel wheels, and he pulled it to our farm with a JI Case standard tractor also on steel. In those days, steel wheeled implements were common. The roads were general gravel, so the lugs cutting into them wasn't a problem. George would set up the thresher, s
... [Read Article]
Latest Ad:
1 SD Gibson, 1 D Model needs rear end assembled and installed, 1 D Model needs minor repairs, extra parts
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
