gold bull myth, page-19

I will be buying gold. The general public hasn't started yet. They're too busy trying to buy food and pay their mortgages, and clinging to the myth that house prices only go up.

I agree with yellowcake ... food/fertilizer will go up.
Oil will go up or stay high (due to increasing demand from China and India). I'll admit that you can't eat gold, and you can't put it in your car.

The problem is: Where do I put 1000barrels of oil? Yellowcake can store a few tonnes of fertilizer on his land if he wants, but I don't have a farm.

1Kg of gold is the size of a mobile phone, and is worth $35,000. I can easily find a place to store gold while governments around the world devalue their currencies.

I don't believe that gold will ever replace money - but I do believe in balancing the ledger.

As the US and Europe devalue their currencies, other items will rise in price. What will they be?


Joel