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<p>[QUOTE="Owle, post: 1237411, member: 22004"]<a href="http://en.wikipedia.org/wiki/Midas" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Midas" rel="nofollow">http://en.wikipedia.org/wiki/Midas</a></p><p><br /></p><p>This is a legend of a man whose "insatiable prayer" in the words of Aristotle essentially ruined his life:</p><p><br /></p><p>"When the use of coin had once been discovered, out of the barter of necessary articles arose the other art of wealth getting, namely, retail trade; which was at first probably a simple matter, but became more complicated as soon as men learned by experience whence and by what exchanges the greatest profit might be made. Originating in the use of coin, the art of getting wealth is generally thought to be chiefly concerned with it, and to be the art which produces riches and wealth; having to consider how they may be accumulated. Indeed, riches is assumed by many to be only a quantity of coin, because the arts of getting wealth and retail trade are concerned with coin. Others maintain that coined money is a mere sham, a thing not natural, but conventional only, because, if the users substitute another commodity for it, it is worthless, and because it is not useful as a means to any of the necessities of life, and, indeed, he who is rich in coin may often be in want of necessary food. But how can that be wealth of which a man may have a great abundance and yet perish with hunger, like Midas in the fable, whose insatiable prayer turned everything that was set before him into gold?" Politics I:9</p><p><br /></p><p>Many of us who have invested in precious metals out of principle, either to diversify or through mistrust of Wall Street or the Federal Reserve, have at times been perplexed as the precious metals keep rising in terms of dollars. You can't take it with you, you don't want to leave it to greedy lawyers or relatives or the government, you want to make use of your wise investments while you are able to do so.</p><p><br /></p><p>In the legend Midas probably had good motives in wanting to be rich but it did not work for him. Have those on this forum who have wisely invested in gold and other precious metals been able to do so without having problematic situations connected to doing so?[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 1237411, member: 22004"][URL]http://en.wikipedia.org/wiki/Midas[/URL] This is a legend of a man whose "insatiable prayer" in the words of Aristotle essentially ruined his life: "When the use of coin had once been discovered, out of the barter of necessary articles arose the other art of wealth getting, namely, retail trade; which was at first probably a simple matter, but became more complicated as soon as men learned by experience whence and by what exchanges the greatest profit might be made. Originating in the use of coin, the art of getting wealth is generally thought to be chiefly concerned with it, and to be the art which produces riches and wealth; having to consider how they may be accumulated. Indeed, riches is assumed by many to be only a quantity of coin, because the arts of getting wealth and retail trade are concerned with coin. Others maintain that coined money is a mere sham, a thing not natural, but conventional only, because, if the users substitute another commodity for it, it is worthless, and because it is not useful as a means to any of the necessities of life, and, indeed, he who is rich in coin may often be in want of necessary food. But how can that be wealth of which a man may have a great abundance and yet perish with hunger, like Midas in the fable, whose insatiable prayer turned everything that was set before him into gold?" Politics I:9 Many of us who have invested in precious metals out of principle, either to diversify or through mistrust of Wall Street or the Federal Reserve, have at times been perplexed as the precious metals keep rising in terms of dollars. You can't take it with you, you don't want to leave it to greedy lawyers or relatives or the government, you want to make use of your wise investments while you are able to do so. In the legend Midas probably had good motives in wanting to be rich but it did not work for him. Have those on this forum who have wisely invested in gold and other precious metals been able to do so without having problematic situations connected to doing so?[/QUOTE]
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