With gold prices close to $1000 an ounce, and forecasted by some to double as the economy gets worse, it seems the
'got gold get cash' people are back on my TV set telling me to sell my unwanted gold to them. Okay, so generally this is in the form of jewellery rather than proper gold coins etc, but still, only the zombies would believe cash has real value and gold does not.
I don't know what is more stupid at this time; selling gold, or buying into paper assets. So let's do both just to make sure...
Maybe I'm being a little harsh. Many people will be paying bills with the paper they get for their gold. But I suspect many just see the wad of paper cash and believe it's worth as much as the gold; well, it's their loss, I guess.
No... I would trade it instead for Platinum, Palladium, some silver, paper oil (since China will now be driving gas guzzling Hummers), a higher degree, the Holy Grail, nuclear formulas and the cure for cancer.
ReplyDeleteWhat you want to do is get a credit card, preferably an AMEX or a Citigroup card; raise the limit, charge everything especially your taxes on it...then give Wall Street the bill. They owe us.
Stick with items of real value, the dollar is in too much trouble. Obama and Bernanke are recreating a sketchy derivative market which might require another bailout, spending is through the roof and Bernane is trying to inflate our way out of debt.
Tread with caution.
Thanks for the information.
ReplyDeleteThe Holy Grail might just be a good investment ;)
Selling of gold online is one of the trends today to earn fast cash. Not only this, also your old jewelries that you are not using anymore.
ReplyDeleteWell, it’s amazing. The miracle has been done. Hat’s off. Well done, as we know that “hard work always pays off”, after a long struggle with sincere effort it’s done.
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krishbond
Cash For Your Gold