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- Oct 23, 2004
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Well if the gold market crash today, the world markets would not skip a beat. But if the stock market crashed, the world markets would come to a stand still.
We are talking about just a name here, I like gold.com or GMP.com much better. And here is some thing to think about, if the markets all crashed and you had food to feed your family for 2 weeks. Would you trade your food for gold, I don't think so I know I would not. Now if you had food to trade, you could pretty much get anything else with it.
In todays world market, most gov'ts don't have gold to back up their money notes. And if the stock markets did crash, the world bank would deal with the money problem with some kind of notes. Gold is not going to save anyone, could you see people dealing in gold it not going to happen. They will need transporting of real goods, so top dog would be fuels and food as the price would skyrocket.
This is why gov'ts, have supplys of food and fuel on hand just incase. And yes the gold market goes flat for long times, we have seen that happen when the gold prices was way down. What good would gold be, if no one had any money to trade for it. Let say you had 1000 tons of gold, but I had 1000 gallions of oil and 1000 tons of food.
And every thing crashed, food and oil would be sold super fast at very high prices. The supplys would be sold most likely, before the gov't could even stop it. What good would your gold be then, now the food and oil would be worth way more to everyone. No one will care about gold, untill they got fuel and stuff to eat.
We are talking about just a name here, I like gold.com or GMP.com much better. And here is some thing to think about, if the markets all crashed and you had food to feed your family for 2 weeks. Would you trade your food for gold, I don't think so I know I would not. Now if you had food to trade, you could pretty much get anything else with it.
In todays world market, most gov'ts don't have gold to back up their money notes. And if the stock markets did crash, the world bank would deal with the money problem with some kind of notes. Gold is not going to save anyone, could you see people dealing in gold it not going to happen. They will need transporting of real goods, so top dog would be fuels and food as the price would skyrocket.
This is why gov'ts, have supplys of food and fuel on hand just incase. And yes the gold market goes flat for long times, we have seen that happen when the gold prices was way down. What good would gold be, if no one had any money to trade for it. Let say you had 1000 tons of gold, but I had 1000 gallions of oil and 1000 tons of food.
And every thing crashed, food and oil would be sold super fast at very high prices. The supplys would be sold most likely, before the gov't could even stop it. What good would your gold be then, now the food and oil would be worth way more to everyone. No one will care about gold, untill they got fuel and stuff to eat.