Why buy gold and silver? Peter Schift Silver Edmond Lee

[kpreston69]

In the long run, Gold is no more an investment than any other.  It seems that because of our shitty economy Gold is the buzz because many are pushing, and wizely so, to go back to the Gold Standard but at the same time that Gold does you no good unless you sell it down the road because not many will actually barter for goods and services in Gold. If salt wasn't so abundant that would be the buzz investment and the same as gold. Buy low and sell high but there is nothing magic about it.

[kpreston69]

Here's a final not. Diamonds are not precious stones, they are actually manipulated and horded to maintain a price. A large campaign to get woman to want them in wedding rings pushed the desire for them. Gold is nothing but a metal from the ground and has no value except to the person who wants it. If he's willing to pay $100 then he gets it if that's what it's being sold for. Society had to set up some sort of financial system so they used gold. Today it's just one's and zero's.

[kpreston69]

Also and very important....when you hear someone defend such things and say...buy gold, buy gold...well the demand forces his investment go up.

That's also why I suspect Hannity and all these Capitalist ass holes because they want to protect their own oil and industry investments instead of what's good for humanity such as heavy investment into solar or other tech. Remember that at one time computers were way over priced and today they are literally pennies.

[kpreston69]

No matter where I look I can not find why I should buy Gold. So what, pussy and dinner cost green backs. My mortgage I pay in green backs. Even if we go back to the gold standard, green backs will be backed by the treasury in gold. So, just because I have it doesn't mean I will get leverage over anyone until I sell it...again for green backs.

Also, silver these days is only used for medicine and jewelry, film was a major player but no more since we went digital.

[daveusaz1218]

Anybody that buys gold and silver is just stetting themselves up to be ripped off again by the banks. Wake up poeple. Buy steal and lead or be a sheeple and get out of the way.

[glenlackey2]

Under the new Dodd-Frank Act that goes into effect July 15th 2011 you will not be able to buy gold and silver over the counter.......... think about what that means!! Wake up people.

[lloyddaroyd]

Nice Post!

[centralscrutinizer76]

i think the chick was coming on to Peter