Bai PK, one month you tell us to buy gold. The next month you tell us it is not a good investment.

Just as well I didn't listen to you in the first place.

Politricks, you were a few years back espousing the virtues of gold in favor of housing and stocks as investments. Today it look like you ketch sense. ahaha

Do you really under the meaning and use of the word espousing?

Actually there are messages in what I posted but I do not think you got it – reread without any preconceptions. It would be very naive for me or you to say we know how the other has done without knowing each other in regards to your “ketch sense” reference.

While I am not rich I have done ok in my investments, of which gold is a big part, to the point that I am debt free and worth seven figures, so do not assume you know anyone. In the end while it is nice to have some material, it still cannot guarantee your happiness. If all one thinks they need in life to be happy is a lot of money then it is a very hollow existence.

I think the key in anything is to be dynamic and diversify.

A very philosophical outlook considering how your were extolling the virtues of gold in the past over other forms of investments. Hopefully you are reducing your position graciously out of gold before it hits rock bottom and your wealth is reduced to double digits. Be smart, don't let pride cloud your judgement.

It is a word with different meanings, I don't claim to be a wordsmith like d2 but it is a phrase that is commonly used

Being part of a movement to bring the “human element” back to the workplace and espousing the virtues of social collaboration to the Enterprise.

espousing  present participle of es·pouse(Verb)

. . . and, therefore, u were using it incorrectly!

run along now

No tk alter ego, replace the word espousing with supporting or adopting in my sentence and the meaning is pretty much the same. Not because you are a PHD means that you can speak down to the rest of us. hahhahaha

Politricks, you were a few years back supporting/adopting the virtues of gold

ahmmm druggie . . . here's the 'full measure' of your illiteracy:

"Politricks, you were a few years back espousing [i.e., supporting/adopting] the virtues of gold in favor of housing and stocks as investments."

nice try . . . har de har har har har!

Ok mr phd, you win, I never claimed to be an expert in the English language. However in the common sense department you fail miserably as evidenced by your stubborn support of the AFC/PNC bandits. 

Gold is rarely an investment, just a good hedge.  Price was driven up due to macro-economic sentiments and monetary policy, e. g. QE, etc and demand out of India.

For an individual, rather than Gold, why not invest in Oil/Gas, platinum, silver and diamonds all of which are consumed in industrial activity.

The problem with gold, diamonds, platinum etc.  At the end of the day you have to find another person willing to give you dollars for that metal.  When gold was 200 dollars an ounce. I could not find anyone to buy my gold.  When platinum was 800 dollars an ounce I could not find any dealer who was willing to buy my platinum,  It was as if I was selling them poison.  They would end the conversation on the phone in 2 to 3 minutes. Now silver is a different issue. It is an industrial metal also that the earth is running out of.  They will always be a need for silver.

I meant Industrial grade.

baseman you got to get with the times buddy. They can now easily make industrial diamonds in the labs.  Plus Russia recently found an astroid that crashed there that have millions of industrial diamonds. 

Banna, do your research.  It could be done technically, but still much more costly than natural.  Now you throw the Russian astroid nonsense.  I don't think they even dug it out of the lake as yet and the recovered fragment does not indicate that.

I think though, industrial grade will decline as laser and other technologies replace the need.  Gold on that other hand have little industrial use except in high-end micro circuitry with is miniscule in demand.

When this come on the market Baseman it would be something

http://news.yahoo.com/blogs/te...llion-013025163.html

Ok, you talking about the 35 mil year old astroid.  I thought you meant the one which recently impacted.  That is a lot of diamonds to make every woman on this planet very happy.

I heard about this astroid find about a year ago. It was a Soviet cold war secret. The Russians never showed anyone the diamonds.  Most likely they are not gem quality but may be industrial diamonds.  Companies like Harry Winston, Anglo American/De Beers will never allow the Russians to put all those diamonds on the market and bring down the price.  They may probably buy those diamonds up from the Russians and keep them off of the market.

The Russians are quite smart with their resources. They won't allow anyone to mess up their markets. The Europeans have been trying that with the gas bought from Russia but so far it is the Russians who are laughing.