Thursday, October 9, 2008

Economy solution? Gold

One of my friends suggested another thing that i found interesting--though I'm most assuredly no expert in how this all works. But this is what she said--we could imminent Domain or otherwise take over the gold-producing mines in the U.S. that wind up in jewelry, and instead use it to make those gold bars again....

According to the Guardian,
Rising investment interest in gold amid a financial crisis could be seen in increased buying of gold coins and bars.
The U.S. Mint said "unprecedented" demand for precious metals and volatile markets forced it to cease production of some American Eagle gold coins for the rest of this year.
"We are seeing that physical demand remained strong. It's the same story that has been supporting prices all along, as economic and political concerns continued to support prices higher," said CPM Group analyst Carlos Sanchez.

So if we begin to re-route that gold into bars, we could sell sell sell to those (mostly) foreign investors...instead of just continuing to fling our dollars in the wind by funding them.

Maybe add Platinum to that mix as well.

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