Gold

[Robot]

Gold as a way of paying debts

Can someone explain, why Portugal, Italy and USA won't sell their gold to their debts?

If I had debts / gold I would sell my Gold to pay my debts.

Cheers

Robot

[Churchill]

Its in context here.
I recommend you read
http://www.advisorperspectives.com/n...andom_Walk.pdf

I recommend you read "Eats, Shoots & Leaves: The Zero Tolerance Approach to Punctuation".

[sasguru]

I recommend you read "Eats, Shoots & Leaves: The Zero Tolerance Approach to Punctuation".

I recommend you learn what's iimportant in life.

[Jog On]

Its in context here.
I recommend you read
http://www.advisorperspectives.com/n...andom_Walk.pdf

I recommend you read my sig - I have no desire to understand why anyone would need to bleat on about how wealthy they are every day on an internet forum.

HTH

[Mich the Tester]

Can someone explain, why Portugal, Italy and USA won't sell their gold to their debts?

If I had debts / gold I would sell my Gold to pay my debts.

Cheers

Robot

Because the USA is huge enough to scare the tulip out of creditors and Portugal and Italy both have long histories which have seen currencies come and go, states come and go, empires and world wars come and go and if the euro collapses then frankly why should they give a tulip? The Italian government will end up sitting on a big pile of gold, drinking the world's best wine, staring at some Michelangelos and Canalettos on the walls, laughing at the whole world and asking 'so who's broke now?'

The secret of slow wealth and old money; never sell the family silver, even if you have to starve for a while (which the Portuguese and the Italians won't because they have enormous agricultural sectors).

[Jog On]

I recommend you learn what's iimportant in life.

like telling people you're rich?

[Churchill]

I recommend you learn what's iimportant in life.

Oh I know that one sunshine and spouting bollocks about how "wealthy" I am isn't it.

[GreenLabel]

You morons make me laugh, pretending to be big boys and discussing economics and investment like you know what you're talking about.

WHS.

We all know what real financial genius looks like.

[sasguru]

like telling people you're rich?

No like telling people when they have a fundamenatal and basic misunderstanding of how the markets work.
In other words the available evidence suggests that for all practical purposes, for the individual investor, "tehnical analysis" = astrology.
HTH

[Churchill]

WHS.

We all know what real financial genius looks like.