Thread: Gold
View Single Post
Old 11-23-2004, 05:37 PM  
azguy
Confirmed User
 
Join Date: Nov 2004
Location: Scottsdale, AZ
Posts: 5,167
Quote:
Originally posted by stereolab
where does gold really derive its value? is it a currency? is it an industial commodity? it seems like a lot of speculation rather than the 'safe' investment some make it out to be.
All I can tell you is that I have been using e-gold since gold was priced $260/oz. It is now $447. I call it safe. Sure it fluctuates against other currencies... that's what scares most people about Gold. Little do they know that USD does the same every freaking day
azguy is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote