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  •  Moving back to the gold standard is idiotic (1+ / 0-)
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    stevej

    if only for the simple reason that EVERY country would have to do it.  If only we did it, as many want, then the rest of the world could easily manipulate our currency by f-ing around with the price of gold (easy to do, as shown 2 weeks ago).  I dont know why this issue never comes up.

    On the other hand, I don't think gold is a bad investment, if treated the right way.  I am invested in some, and have done quite well with it, even with the recent drops.  I think they key thing is to treat it like a LONG-TERM investment, and not get too freaked out over short term fluctuations.  If you try to speculate on gold, you're probably going to lose and lose big.  And lets face it, the right-wing gold industry really hawks speculation hard.

    BTW, many gold ETFs do not have the gold they say they do, and investors will get burned when this comes out.  GLD is an especially notorious example.  Some of the safe ones are GTU (the Canadian Central Gold Trust), and PHYS (Sprott Asset Management Gold fund), which both have highly transparent auditing processes.  Full disclosure, I have invesments in both of these.

    "Believe nothing, no matter where you read it, or who said it... unless it agrees with your own reason and your own common sense." -The Buddha

    by Brian A on Tue Apr 30, 2013 at 05:21:32 AM PDT

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