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<p>[QUOTE="SilverSurfer, post: 823927, member: 21603"]Well, I wouldn't lump wood and corn into the same category as gold and silver, but steel and aluminum definitely count. Steel is iron and nickel, both are elements. Aluminum is an element as well. Corn isn't an element, it can be grown. Wood isn't an element, it too can be grown. There are only so much elements on the earth, they can't be created although they can be mined and acquired, but for how long.....definitely not indefinitely. </p><p><br /></p><p>I don't have an affinity to gold nor silver. I do like coins, as a hobby, but recently I've been buying "junk" silver, and this stuff is junk. Much of it is globbed with gook and just nastily tarnished, but it is silver none the less. I'm one who thinks that inflation is in the near future (5-6 years). It doesn't matter what you have, as long as it is limited. Last time I checked, you can't eat treasury notes either....or at least they don't taste very good and don't provide much sustenance. Yet, people talk about the printing of money....too much of it. But the real problem is money today isn't even printed. It's just 100101010010101010 on a computer. You can't eat that either, even if you tried. And worse yet, it can be wiped out with the push of a button and created with a push of a button. At least printed money is tangible and you can eat it...although it doesn't taste very good. But I digress.</p><p><br /></p><p>With the new money that is electronically created, the limit is endless. and the rate of creation can be almost infinite. Printed, there would still be a limit, as you'd have to acquire materials and operate a printing press, which also has limits. Gold, silver, even steel and aluminum have limits. Silver is just more expensive because there is less of it. I don't think I would want try to store steel as a means of an inflation hedge......the storage would be outrageous for the value.....likewise aluminum.[/QUOTE]</p><p><br /></p>
[QUOTE="SilverSurfer, post: 823927, member: 21603"]Well, I wouldn't lump wood and corn into the same category as gold and silver, but steel and aluminum definitely count. Steel is iron and nickel, both are elements. Aluminum is an element as well. Corn isn't an element, it can be grown. Wood isn't an element, it too can be grown. There are only so much elements on the earth, they can't be created although they can be mined and acquired, but for how long.....definitely not indefinitely. I don't have an affinity to gold nor silver. I do like coins, as a hobby, but recently I've been buying "junk" silver, and this stuff is junk. Much of it is globbed with gook and just nastily tarnished, but it is silver none the less. I'm one who thinks that inflation is in the near future (5-6 years). It doesn't matter what you have, as long as it is limited. Last time I checked, you can't eat treasury notes either....or at least they don't taste very good and don't provide much sustenance. Yet, people talk about the printing of money....too much of it. But the real problem is money today isn't even printed. It's just 100101010010101010 on a computer. You can't eat that either, even if you tried. And worse yet, it can be wiped out with the push of a button and created with a push of a button. At least printed money is tangible and you can eat it...although it doesn't taste very good. But I digress. With the new money that is electronically created, the limit is endless. and the rate of creation can be almost infinite. Printed, there would still be a limit, as you'd have to acquire materials and operate a printing press, which also has limits. Gold, silver, even steel and aluminum have limits. Silver is just more expensive because there is less of it. I don't think I would want try to store steel as a means of an inflation hedge......the storage would be outrageous for the value.....likewise aluminum.[/QUOTE]
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Gold, platinum, silver that's availible - are people fooling themselves?
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