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Tractor Talk Discussion Board

Re: OT--GOLD Investment?


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Posted by RodInNS on March 31, 2014 at 08:04:37 from (216.118.158.123):

In Reply to: Re: OT--GOLD Investment? posted by Donald Lehman on March 31, 2014 at 07:10:16:

The 'value' of gold is nothing more than what someone's perception of it's 'value' is today. That is seemingly determined by any number of schysters who have a position in gold that they want to alter. Most of these devils do a lot of talking in hopes of creating a demand for gold (which they own) and when the market climbs enough for them to realise a large profit they will slowly liquidate their holdings much to your misfortune... and when the pendulum swings far enough, that they need to start buying again, they'll switch to something else until the arse comes out of the gold price again, at which point they will start buying again. The hot shots that promote gold are, from my observation, the most cynical bunch of thieves that have ever walked the face of the earth.
The only real use or application for gold today is as an electrical conductor in printed circuits... the rest of it is just smoke and mirrors.

Rod


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