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Re: It's also feared the downgrades could trigger fresh market panic, and a new exodus to gold.

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 26 Jun 12 6:08 PM | 49 view(s)
Boardmark this board | De's Test Board 		Msg. 42277 of 45510
(This msg. is a reply to 42275 by Decomposed)
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I knew that post would interest you DE LOL, you gold bug you Cheesy Grin




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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Re: It's also feared the downgrades could trigger fresh market panic, and a new exodus to gold.
By: Decomposed in ROUND
Tue, 26 Jun 12 6:04 PM 		Msg. 42275 of 45510

re: "It's also feared the downgrades could trigger fresh market panic, and a new exodus to gold."

Why should anyone fear "a new exodus to gold"? The money that has gone to gold so far is TRIVIAL. Even at $5,000/oz, it would have a negligible effect on the world except, perhaps, in its impact on human psychology.

This is one reason why gold has extraordinary potential. *IF* the mountains of currency begin to collapse, there is only a little tiny bit of gold in the world to suck up a pretty good chunk (say, 2-3 percent) of all that value.

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