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Anybody here own SPDR Gold trust?
sarktastic
Member Posts: 9,208
in Tug Tavern
Why?
Comments
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Looks like two of you don't know... Anybody?
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Make your posts chinteresting
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Take this to the @thechatch board where this belongs.
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If you wanted to invest in Gold, you should have done it in 2000 when the Supreme court handed the presidency to Bush. I bought then at around 400 an oz, knowing full well that Bush was such a fuckup that he'd cause our dollar to sink relative to gold. I was right, though even I didn't predict just how big of a fucking retard Bush would turn out to be.
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That wasn't the question, dip shit
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It wasn't the question you asked.sarktastic said:That wasn't the question, dip shit
But it is still the correct answer. -
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Short answer: It's insurance for when the day comes China/India/rest of world realizes there is (-) infinity % chance we can ever pay back what we've borrowed from them (and ourselves) and want their money back, or will demand MUCH more than the 2.5% interest for 30 years on an asset that declines by that amount every year.sarktastic said:Why?
Long answer: See short answer
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Inflation is good.godawgst said:
Short answer: It's insurance for when the day comes China/India/rest of world realizes there is (-) infinity % chance we can ever pay back what we've borrowed from them (and ourselves) and want their money back, or will demand MUCH more than the 2.5% interest for 30 years on an asset that declines by that amount every year.sarktastic said:Why?
Long answer: See short answer -
What does any of that have to do with SPDR gold trust?godawgst said:
Short answer: It's insurance for when the day comes China/India/rest of world realizes there is (-) infinity % chance we can ever pay back what we've borrowed from them (and ourselves) and want their money back, or will demand MUCH more than the 2.5% interest for 30 years on an asset that declines by that amount every year.sarktastic said:Why?
Long answer: See short answer
