1. Most Discussed
  2. Gainers & Losers
GOLD $1,276.2

Ridiculously overpriced

  1. thymus

    1,516 posts.
    We have all been brain washed to believe that gold has this "intrinsic" high value.
    This is an anachronism .Since the USA abandoned the gold standard gold is nothing but an overpriced commodity.You cant eat it (c.f wheat) you cant make a suit out of it (c.f wool ) in fact you cant do much with it except make shiny rings and beads.Reminds me of the shiny glass beads our ancestors used to swindle
    the natives out of their land.
    Gold is dug up and then mostly burried again in vaults and safes .The only reason gold is not at $35 an ounce is because it forms part of bank and national reserves so the price is kept artificially high.But most banks are slowly getting rid of it. Time will tell.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top