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Fool's gold

BlackBeardBlackBeard Posts: 1,064 ✭
in Precious Metals
When you see a bullion auction with the vials of gold flakes thrown in, does it increase your desire for the auction or do you just wish they would thow it in the trash so you don't have to?

I see this as the modern equivilent to fool's gold.
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Comments

  • DeadhorseDeadhorse Posts: 3,720 ✭
    Thiose vials are nearly worthless.

    They are making a couple thousand percent in profit.

    Remember, one ounce of gold can cover over 6 football fields in that flake thickness.

    Stay away for don't pay more than 25 cents per vial. You may still lose at that unless you an find a batch of suckers on the Bay.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
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