Re: is gold a commodity?

rabiticide <rabiticide@xxxxxxxxx> wrote:

I'm trying to figure out whether or not to buy gold. The fact that
everyone and their monkey is trying to sell it to me makes me a little
suspicious.

They are not. It is the EU central banks (particularly the French and
Swiss) that are slling off in the scramble to stay afloat in a western
european scheme of things where the states' expenditures rise fast than
the economic growth (plus in some cases increased productivity following
tax drops) allows.

You'll see gold rise before too long. Give it a few months more to
bottom out and then swoop in and buy some up.

BTW, where did you consider buying from?

The gold prices seem to be following the gas prices down
here in the US so I'm thinking of waiting to see if there's some sort
of energy deal when congress comes back in session. But the other
thing - the commodity bubble - is making me wary. Is gold a commodity?

Per definition, yes:

"commodity |k??m?dit?|
noun ( pl. -ties)
a raw material or primary agricultural product that can be bought and
sold, such as copper or coffee."

The people trying to sell it to me say "no"

It is not people that are selling, but the states and their agents.

but well, they're trying
to sell it to me. Is it? Does the fact that it won't be consumed or
melted down make it not?

See above.

--
- Peter *** http://titancity.com/blog/
"Don't go around saying the world owes you a living. The world owes
you nothing. It was here first." - Mark Twain
.

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