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<p>[QUOTE="littlehugger, post: 2032223, member: 58633"]As a rule, commodities, ie, gold, silver, oil, real estate, rise when the market tanks, as people are looking for protection of assets and going for an actual possession, rather than a paper promise.</p><p> But, when the market is good, as it is now, people ignore commodities and chase paper.</p><p> Metals are much like real estate, in that despite ups and downs, they tend to rise over time.</p><p> A lot of the run-up in precious metals was fueled by a fear of Armageddon, where paper money would have no value. In a worst-case scenario such as that, guns, ammo, water, food also become quite valuable.</p><p> Frankly, given the current climate, I do not think Armageddon is an entirely unlikely scenario. I guess its human nature, but how do you plan to survive the end of the world? Still, nice excuse to buy coins, eh?[/QUOTE]</p><p><br /></p>
[QUOTE="littlehugger, post: 2032223, member: 58633"]As a rule, commodities, ie, gold, silver, oil, real estate, rise when the market tanks, as people are looking for protection of assets and going for an actual possession, rather than a paper promise. But, when the market is good, as it is now, people ignore commodities and chase paper. Metals are much like real estate, in that despite ups and downs, they tend to rise over time. A lot of the run-up in precious metals was fueled by a fear of Armageddon, where paper money would have no value. In a worst-case scenario such as that, guns, ammo, water, food also become quite valuable. Frankly, given the current climate, I do not think Armageddon is an entirely unlikely scenario. I guess its human nature, but how do you plan to survive the end of the world? Still, nice excuse to buy coins, eh?[/QUOTE]
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So... gold at $1900
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