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randomnessAs a personal vote of confidence in the strength and soundness of the American economy in general, and of the dollar in particular, I was going to buy about 2/3 of an ounce of gold.
But given my belief that some of the current price of gold is probably commodity bubble froth, I decided being that much of a smartass was going to end up costing me money.
(If I'd had the foresight to buy gold in '01 at $275/oz., well...but then again, with that kind of foresight, I'd have been flipping houses in '03 and '04.)
But given my belief that some of the current price of gold is probably commodity bubble froth, I decided being that much of a smartass was going to end up costing me money.
(If I'd had the foresight to buy gold in '01 at $275/oz., well...but then again, with that kind of foresight, I'd have been flipping houses in '03 and '04.)
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Date: 2008-05-13 05:36 am (UTC)I do think the US economy hasn't gone as far down as it will, which would mean that there's probably still gain to be had from foreign investments...