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<p>[QUOTE="GDJMSP, post: 680370, member: 112"]Yup, and so does everybody else. Worthless paper they call it, backed by nothing they say. But it's still what everybody uses to buy that precious gold & silver. Guess it aint so worthless after all.</p><p><br /></p><p>And that's really the point.</p><p><br /></p><p>Yeah I know, plenty think gold and silver is going to go up and dollar down. Well maybe so. But gold & silver go up and down too - plenty ! And it isn't because there is any shortage of it. And it isn't because the various industries are using more of it. It's because people are scared, and they've been scared for 8 years now. It costs more because people let their emotions rule their actions. And when those emotions calm down, the value of gold & silver will probably drop like hot rocks. Just like it has every single time throughout recorded history.</p><p><br /></p><p>Never forget - those who fail to learn the lessons taught by the past are doomed to repeat it. Thus my favorite quote of all time - </p><p><br /></p><p><i>En monnoies est li cose moult obscure Elles vont haut et bas, se ne set-on que faire Quand on guide wagnier, on troeve le contraire.</i></p><p><br /></p><p>Translation - "Coins are the most obscure things. Their value rises and falls, and one does not know what to do. When one thinks that he has gained, he finds the contrary - that he has lost". </p><p><br /></p><p>That was said by the Abbot of Tournai, Gilles Li Muisis. In the early 1300's.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 680370, member: 112"]Yup, and so does everybody else. Worthless paper they call it, backed by nothing they say. But it's still what everybody uses to buy that precious gold & silver. Guess it aint so worthless after all. And that's really the point. Yeah I know, plenty think gold and silver is going to go up and dollar down. Well maybe so. But gold & silver go up and down too - plenty ! And it isn't because there is any shortage of it. And it isn't because the various industries are using more of it. It's because people are scared, and they've been scared for 8 years now. It costs more because people let their emotions rule their actions. And when those emotions calm down, the value of gold & silver will probably drop like hot rocks. Just like it has every single time throughout recorded history. Never forget - those who fail to learn the lessons taught by the past are doomed to repeat it. Thus my favorite quote of all time - [I]En monnoies est li cose moult obscure Elles vont haut et bas, se ne set-on que faire Quand on guide wagnier, on troeve le contraire.[/I] Translation - "Coins are the most obscure things. Their value rises and falls, and one does not know what to do. When one thinks that he has gained, he finds the contrary - that he has lost". That was said by the Abbot of Tournai, Gilles Li Muisis. In the early 1300's.[/QUOTE]
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