Posted by ted regentin on April 25, 2010 at 13:40:55 from (69.1.112.202):
In Reply to: one more time: Gold posted by Hughb on April 25, 2010 at 12:13:43:
"Don't listen to the fear mongers telling you we are headed for a financial armagedden. That is political BS." I have been involved in way too many internet arguments over the years, I have been flamed too many times for offering unpopular opinions. So I usually stay out of these sort of things. However, this statement deserves a reply. Frankly, I wonder if the author of this statement has had his head stuck in the sand for the last three years. So I offer a few points for the author of this statement and others to ponder. 1. The dollar has lost 98% of its value due to inflation compared to not very many years ago. 2. The economy of the US is founded on debt and quantitive easing, which is the running of printing presses to cover the shortfalls. 3. The purchase of property to preserve wealth can be very lucerative in good times. However, property purchased at the wrong times can wipe people out completely. (The number of property owners who are upside down right now due to declining property values is astronomical.) 4. The common man faces a stacked deck on financial matters. Has anyone read the recent revelations of what Goldman did? They sold and promoted risky financial securities, and then bet against them and then gloated about it. Now a senior Goldman official, says that the the revelations many be embarrassing but are not evidence of wrong doing. That bankster is smoking crack, in my humble opinion! These criminal banksters have wiped out peoples retirement through their chicanery. 5. The ownership of gold and silver has been debated innumerable times over the years. There is not just one answer to this question. It is an individual thing. The same banksters who manipulate the financial markets also attempt to do the same to gold and silver prices. I don't favor holding a lot of gold. There are many problems with it. Other posts have pointed out some of them. I think that junk silver coins is a much better idea. First it is legal tender in the US. Second the denominations and values of each coin is much smaller than gold coins and more convenient to use. If I had some extra money, I probably would purchase some silver. Oh well! Any way, that is my two cents worth. Ted
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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