chinas big gold rush , page-73

Pinto, yes there's maintenance costs and you can use it i'e live in it, but there's also the consideration that 100% of the population need houssing, gold is speculation and a miniscule % of the population might indulge in that.

Gold is insurance against the worst imaginable implosion which won't be happenening anyway.

There waa very good letter in last Saturdays NZ Herald from a guy who had lost afortune in gold - twice.

Once in 1980 when he went to pick up his gold from Ray Smith's Goldcorp, and found the cupboard was bare. Ray Smith took off to the USA with his mistress.

Second time round bought gold shares during a rising gold price and found the company had sold all its gold forward at low prices.