Diamond prices to crash - Trillions of carots found

clownboy said:

Well, from 1933 to 1974 it was illegal for individuals to own gold bullion. The best way to invest in gold is through gold funds.

But if you want to collect precious metals, your best bets are platinum and rhodium. They are rare metals and their prices don't fluctuate with near the extreme swings as gold.

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I think you missed it. I was referring to bullets.

I just can't quite buy in to the argument for metals if what they are worried about is collapse. After Katrina a water filter was worth much more than gold or silver. Yeah, I get that the value of precious metals will go up in the markets, but a decent rifle would be worth much more after a natural or man made disaster.

Mankind is deprived of cheap, abundant, and valuable resources because of the insane absoluteness of property rights. Why shoud we agree to that? What kind of pushovers are we for allowing this? And only a hired liar would try to say that the alternative is the abolition of private property. There must be an equilibrium where possession doesn't lead to tyranny.

Where did these rights come from originally? An agreement that benefited both the owners and the public. The possessing class's only justification for existence instead of becoming guillotine fodder is that the public benefits from the activity motivated by profit. But as time goes on and people are not vigilant, the privileges are perverted into unlimited rights, which are propagandized by the well-financed, self-justifying claim of the possessing class that the more they gain, the more everyone else gains. Instead of their lazy-fairy tale image, a rising yacht in reality creates waves that sink all other boats. When property rights lose track of their original justification and become anti-social, our slavish attitude towards owners must be changed in order to promote the public's self-preservation. Laws and rights are granted as sort of a peace treaty to end anarchy and theft. But when the laws establish limiting of supply in order to force people to accept price-gouging, the property must be confiscated by force and given to people who do not abuse their privileges.

5 easy payments on QVC. All the fake rox you want. LOL

specklebang said:

Wonder how they overlooked it until now. 35 million years is a long time not to notice something

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Possibly because they used the same method my children did when looking for their shoes in the morning on school days

tech30528 said:

I think you missed it. I was referring to bullets.

I just can't quite buy in to the argument for metals if what they are worried about is collapse. After Katrina a water filter was worth much more than gold or silver. Yeah, I get that the value of precious metals will go up in the markets, but a decent rifle would be worth much more after a natural or man made disaster.

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I've been saying this for a long time. If you are looking at a complete collapse of the economy or society, a shiny and very heavy metal of no real practical use isn't what I want as my investment. This is even more true if you don't actually have your gold in your possession but it is being held by some broker.