Comments on: Bread for gold http://www.mightybargainhunter.com/2009/03/23/bread-for-gold/ Personal finance, commentary, and spending less the easy way Fri, 19 Mar 2010 14:24:44 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: cassie http://www.mightybargainhunter.com/2009/03/23/bread-for-gold/comment-page-1/#comment-174291 cassie Mon, 30 Mar 2009 18:26:31 +0000 http://www.mightybargainhunter.com/?p=1464#comment-174291 To comment on your main point about gold; Twenty years ago I worked in an office one of the employees I worked with was from Syria. She was in her early twenties. She had this beautiful necklace that she wore, gold with a lot of medallions on it. Something a belly dancer wheres that is what it reminded me of. She told me in Syria, women (family) invest in gold,instead of what we use to call a hope chest. When daughters marry she has the gold so that if anything happens to her husband the wife has the gold to fold back on to sell so she is able to survive. Today, economics are a perfect example of that reasoning and makes sense. Currency is based on precious metals since the beginning of time in one way or another. To comment on your main point about gold; Twenty years ago I worked in an office one of the employees I worked with was from Syria. She was in her early twenties. She had this beautiful necklace that she wore, gold with a lot of medallions on it. Something a belly dancer wheres that is what it reminded me of.

She told me in Syria, women (family) invest in gold,instead of what we use to call a hope chest. When daughters marry she has the gold so that if anything happens to her husband the wife has the gold to fold back on to sell so she is able to survive.

Today, economics are a perfect example of that reasoning and makes sense. Currency is based on precious metals since the beginning of time in one way or another.

]]> By: Debra Masters http://www.mightybargainhunter.com/2009/03/23/bread-for-gold/comment-page-1/#comment-174124 Debra Masters Sat, 28 Mar 2009 15:35:55 +0000 http://www.mightybargainhunter.com/?p=1464#comment-174124 So, $3 for bread in the UNITED STATES isn't a big deal. But that doesn't translate into Zimbabwean currency accurately, and for THEM, $3 a loaf is probably horrifically expensive. So, $3 for bread in the UNITED STATES isn’t a big deal. But that doesn’t translate into Zimbabwean currency accurately, and for THEM, $3 a loaf is probably horrifically expensive.

]]> By: plonkee http://www.mightybargainhunter.com/2009/03/23/bread-for-gold/comment-page-1/#comment-174000 plonkee Thu, 26 Mar 2009 18:36:46 +0000 http://www.mightybargainhunter.com/?p=1464#comment-174000 Gold is operating as a de facto currency - it does have intrinsic value/use but primarily it's worth something because everyone think it is. If we all started thinking that amber was worth something it could take the place of gold very easily. Gold is operating as a de facto currency – it does have intrinsic value/use but primarily it’s worth something because everyone think it is. If we all started thinking that amber was worth something it could take the place of gold very easily.

]]> By: Getz http://www.mightybargainhunter.com/2009/03/23/bread-for-gold/comment-page-1/#comment-173984 Getz Thu, 26 Mar 2009 11:16:21 +0000 http://www.mightybargainhunter.com/?p=1464#comment-173984 It will happen here soon enough! It will happen here soon enough!

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