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Skybird · 03-21-08, 07:11 PM

Currently, prices for many ressources suddenly went into a significant fall - which is no sign of relief for the current crisis, but an extremely dangerous signal for an economy in or near to a recession. economists will tell you that it means that the economic trend ("Konjunktur") is about to switch into the red, or may even collapse with a loud bang. German press even had editorials about it in the past two days, with red flashing lights framing the articles.

You do not buy gold for speculation and investement anyway, but to have an emergency reserve for very, very bad times when no printed paper, money and treaty is worth anything anymore. for that, the value of gold expressed in current currency, is pointless. because in that scenario, gold itself becomes the currency.

03-21-08, 07:11 PM	#7
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,655 Downloads: 10 Uploads: 0	Currently, prices for many ressources suddenly went into a significant fall - which is no sign of relief for the current crisis, but an extremely dangerous signal for an economy in or near to a recession. economists will tell you that it means that the economic trend ("Konjunktur") is about to switch into the red, or may even collapse with a loud bang. German press even had editorials about it in the past two days, with red flashing lights framing the articles. You do not buy gold for speculation and investement anyway, but to have an emergency reserve for very, very bad times when no printed paper, money and treaty is worth anything anymore. for that, the value of gold expressed in current currency, is pointless. because in that scenario, gold itself becomes the currency. __________________ If you feel nuts, consult an expert.