http://www.dailyreckoning.com.au/big-gold-interview/2008/04/02/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 http://www.dailyreckoning.com.au/big-gold-interview/2008/04/02/comment-page-1/#comment-15431 John Thu, 03 Apr 2008 19:39:22 +0000 http://www.dailyreckoning.com.au/big-gold-interview/2008/04/02/#comment-15431 Dayahka, your post reminds me of that Greek mythology story of the gods granting a single wish to some king and he wished for everything he touched to be turned to gold, but once he got his wish he found out that every piece of food would turn to gold before it touches his mouth and he ends up starving to death. Dayahka, your post reminds me of that Greek mythology story of the gods granting a single wish to some king and he wished for everything he touched to be turned to gold, but once he got his wish he found out that every piece of food would turn to gold before it touches his mouth and he ends up starving to death.

]]> http://www.dailyreckoning.com.au/big-gold-interview/2008/04/02/comment-page-1/#comment-15333 Diggin it! Thu, 03 Apr 2008 04:23:40 +0000 http://www.dailyreckoning.com.au/big-gold-interview/2008/04/02/#comment-15333 John to accumulate more than others will always increase the risk of it being taken away[hence thriving insurance companies]Look at Dayahka with the last can of food in town, he won`t swap it for gold but should he swap half of it for a gun to protect the other half? The world is not down to it`s last can of food [yet] so in the meantime people like us will keep looking for angles to get ahead so we don`t have to keep busting our asses to survive, but i guess that is human nature to survive and adapt to the changing climates. If you want a new angle on investing in land you can have this one for free and it could be worth heaps. With the current changes in global weather patterns you will notice a change in jet streams that cross our countries the result is the green belts are moving into previously unproductive dry belts, how much is that land worth now? how much will it be worth in ten years?Good luck! John to accumulate more than others will always increase the risk of it being taken away[hence thriving insurance companies]Look at Dayahka with the last can of food in town, he won`t swap it for gold but should he swap half of it for a gun to protect the other half?
The world is not down to it`s last can of food [yet] so in the meantime people like us will keep looking for angles to get ahead so we don`t have to keep busting our asses to survive, but i guess that is human nature to survive and adapt to the changing climates.
If you want a new angle on investing in land you can have this one for free and it could be worth heaps. With the current changes in global weather patterns you will notice a change in jet streams that cross our countries the result is the green belts are moving into previously unproductive dry belts, how much is that land worth now? how much will it be worth in ten years?Good luck!

]]> http://www.dailyreckoning.com.au/big-gold-interview/2008/04/02/comment-page-1/#comment-15327 Dayahka Thu, 03 Apr 2008 02:22:50 +0000 http://www.dailyreckoning.com.au/big-gold-interview/2008/04/02/#comment-15327 Gold, gold, gold. That's all I keep hearing. But this is only for an extremely small number of people (and even if there were enough gold for everyone to have some gold, which there is not, everyone having gold would make the stuff worthless). How about things of tangible and useful value--like land or food? If I have one can of food left, it's worth more than all the gold you can muster and I wouldn't even think of swapping it for all the gold in China. Gold, gold, gold. That's all I keep hearing. But this is only for an extremely small number of people (and even if there were enough gold for everyone to have some gold, which there is not, everyone having gold would make the stuff worthless). How about things of tangible and useful value--like land or food? If I have one can of food left, it's worth more than all the gold you can muster and I wouldn't even think of swapping it for all the gold in China.

]]> http://www.dailyreckoning.com.au/big-gold-interview/2008/04/02/comment-page-1/#comment-15267 John Wed, 02 Apr 2008 16:05:02 +0000 http://www.dailyreckoning.com.au/big-gold-interview/2008/04/02/#comment-15267 What about gold ETFs vs physical gold? Why do you think physical gold is preferrable? I mean, sure you eliminate the risk of accounting fraud or some political backlash, but you introduce a new risk of theft in the gold coins, so to me it's kind of a wash... What about gold ETFs vs physical gold? Why do you think physical gold is preferrable? I mean, sure you eliminate the risk of accounting fraud or some political backlash, but you introduce a new risk of theft in the gold coins, so to me it's kind of a wash...

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