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Author: qazulight Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 459259  
Subject: Re: If you had to put $1M in one symbol Date: 4/25/2013 9:39 AM
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Recommendations: 3
Well, you and whafa can join each other and any and all others who feel that putting money into precious metals is just plain, flat-out wrong headed, and go about your own strategies that you believe are more sane or more safe or prone to allow you to sleep better, or whatever it is that floats your boat. This board isn't about group-think, it is about the free expression of economic opinions and strategies. If, as part of that, it helps you to call into question another poster's sanity or centeredness or whatever, that's not really as much about me as it is about those that need to share the negativity.

Well Poz,

I feel, and it is a FEELING, that putting money into precious metals is immoral. How you like that for being out on the fringes?

The Parable of the Bags of Gold

“Again, it will be like a man going on a journey, who called his servants and entrusted his wealth to them. To one he gave five bags of gold, to another two bags, and to another one bag,[a] each according to his ability. Then he went on his journey. The man who had received five bags of gold went at once and put his money to work and gained five bags more. So also, the one with two bags of gold gained two more. But the man who had received one bag went off, dug a hole in the ground and hid his master’s money.

“After a long time the master of those servants returned and settled accounts with them. The man who had received five bags of gold brought the other five. ‘Master,’ he said, ‘you entrusted me with five bags of gold. See, I have gained five more.’

“His master replied, ‘Well done, good and faithful servant! You have been faithful with a few things; I will put you in charge of many things. Come and share your master’s happiness!’

“The man with two bags of gold also came. ‘Master,’ he said, ‘you entrusted me with two bags of gold; see, I have gained two more.’

“His master replied, ‘Well done, good and faithful servant! You have been faithful with a few things; I will put you in charge of many things. Come and share your master’s happiness!’

“Then the man who had received one bag of gold came. ‘Master,’ he said, ‘I knew that you are a hard man, harvesting where you have not sown and gathering where you have not scattered seed. 25 So I was afraid and went out and hid your gold in the ground. See, here is what belongs to you.’

“His master replied, ‘You wicked, lazy servant! So you knew that I harvest where I have not sown and gather where I have not scattered seed? 27 Well then, you should have put my money on deposit with the bankers, so that when I returned I would have received it back with interest.

“‘So take the bag of gold from him and give it to the one who has ten bags. For whoever has will be given more, and they will have an abundance. Whoever does not have, even what they have will be taken from them. And throw that worthless servant outside, into the darkness, where there will be weeping and gnashing of teeth.’


To me, money is an asset class, and it is more like computers and cars in that it is a depreciating asset class. However, this does not mean that I should give up and bury it in gold or silver, rather it should be invested in ventures to create more wealth.

HERO, sounds interesting.

Cheers
Qazulight (Inherited a little silver, thought about gold, but the amount would be so small it would be easy to misplace.)
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