are you ready to rumble?, page-50

skol skinny dividends don't matter much to me when i've made multiples on gold and silver over the years.

gold is only illiquid if you hold physical, but anybody that holds physical usually isn't normally looking to hold it for a day or two.

"in addition they're digging 3000 tonnes more out of the ground each year, like fiat money, they keep adding to it."

- i wouldn't even compare the rate at which fiat is being produced relative to gold.

"Gold is fine for collateral, but property is better"

- this is debatable if you are referring to the use of gold in the international markets. can you imagine central bankers trading houses? the US commercial and residential real estate market is still in tatters, and speaking of illiquid (real estate?). on a personal level, i don't see aussie real estate as an attractive proposition.

"Owning physical metal is something of a ponzi scheme, you own until it until a greater fool comes along and purchases it off you."

- that's a bizarre statement. by your reckoning if that's the case then anything you hold of perceived value is a ponzi scheme if you plan to sell it. the irony is that the biggest ponzi scheme of all is the monetary (fractional reserve lending) system, and that house of cards is being tested right now.

"Only good for jewellery and hoarding."

"It's value is determined only by speculation and when the money stops flowing in the music's gonna stop."

- skol, if you really believe gold's value is ONLY determined by speculation than it's obvious you don't understand the role gold is currently playing in the financial markets and global economy.