Thread: Gold

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  1. #91  
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    I wonder if Fannie and Freddie were once considered 'prudent'. Probably so, I'd guess, and that's part of the disaster. There are so many funds, trusts and the like that have just been pummeled.

    Turns out - at least as of today - that they all would have done better in gold. Although currently trending down, gold has moved from $1420 to $1593 so far this year. I remember some months back one of the Texas Universities bought a large amount of gold. Maybe they'll come out all right, but it seems like they bought at the wrong time, if I remember correctly.

    All depends upon when you got the idea, sometimes.:)
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  2. #92  
    Senior Member Tecate's Avatar
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    Quote Originally Posted by Starbuck View Post
    I wonder if Fannie and Freddie were once considered 'prudent'. Probably so, I'd guess, and that's part of the disaster. There are so many funds, trusts and the like that have just been pummeled.

    Turns out - at least as of today - that they all would have done better in gold. Although currently trending down, gold has moved from $1420 to $1593 so far this year. I remember some months back one of the Texas Universities bought a large amount of gold. Maybe they'll come out all right, but it seems like they bought at the wrong time, if I remember correctly.

    All depends upon when you got the idea, sometimes.:)
    Huh? Gold reached $1920 this year.
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  3. #93  
    Senior Member Arroyo_Doble's Avatar
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    I still don't understand its value other than shared delusion.
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  4. #94  
    Senior Ape Articulate_Ape's Avatar
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    Quote Originally Posted by Arroyo_Doble View Post
    I still don't understand its value other than shared delusion.
    That's what everyone who doesn't own something says about it.
    "Our president delivered his State of the Union message to Congress. That is one of the things his contract calls for -- to tell congress the condition of the country. This message, as I say, is to Congress. The rest of the people know the condition of the country, for they live in it, but Congress has no idea what is going on in America, so the president has to tell 'em." ~ Will Rogers
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  5. #95  
    Zoomie djones520's Avatar
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    Quote Originally Posted by Arroyo_Doble View Post
    I still don't understand its value other than shared delusion.
    Doesn't the entire economy operate on the concept of a shared delusion?
    In most sports, cold-cocking an opposing player repeatedly in the face with a series of gigantic Slovakian uppercuts would get you a multi-game suspension without pay.

    In hockey, it means you have to sit in the penalty box for five minutes.
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