Thoughts on investing in gold/silver

   / Thoughts on investing in gold/silver #131  
Oil will run out.

The question is WHEN.

We were supposed to be out of oil 10 years ago in 2000. That is what the "experts" told us back in the 70's.

When will oil run out?

Knowing the WHEN will determine how much money one makes. Or looses.

It is called timing the market.

Later,
Dan

If we could develop Anwar, we would not be Dependant on foreign oil for many years. Ken Sweet
 
   / Thoughts on investing in gold/silver #133  
The most important industrial use of gold is in the manufacture of electronics. Solid state electronic devices use very low voltages and currents which are easily interrupted by corrosion or tarnish at the contact points. Gold is the highly efficient conductor that can carry these tiny currents and remain free of corrosion. Electronic components made with gold are highly reliable. Gold is used in connectors, switch and relay contacts, soldered joints, connecting wires and connection strips.

A small amount of gold is used in almost every sophisticated electronic device. This includes: cell phones, calculators, personal digital assistants, global positioning system units and other small electronic devices. Most large electronic appliances such as television sets also contain gold.

Gold is used in many places in the standard desktop or laptop computer. The rapid and accurate transmission of digital information through the computer and from one component to another requires an efficient and reliable conductor. Gold meets these requirements better than any other metal. The importance of high quality and reliable performance justifies the high cost.:D
 
   / Thoughts on investing in gold/silver #134  
Oil is a commodity, so its pricing comes as much from the whim of investors as it does whether or not it's really "running out".

Stocks go thru booms & drops, & yet we're not running out of them.

Nobody can regularly predict the price movements of anything. Or else somebody out there would be way, way, way richer than Bill Gates & Warren Buffett.
 
   / Thoughts on investing in gold/silver #135  
Oil will run out.

The question is WHEN.

We were supposed to be out of oil 10 years ago in 2000. That is what the "experts" told us back in the 70's.

When will oil run out?

Knowing the WHEN will determine how much money one makes. Or looses.

It is called timing the market.

Later,
Dan

Let's say we will not run out of oil anytime soon. We will just run out of cheap oil prety soon.
 
   / Thoughts on investing in gold/silver
  • Thread Starter
#136  
I know it's against the laws of physics, but take a look at some youtube vids on perpetual motion. Seems pretty convincing, and could mean a BIG drop in the demand of oil in the near future.
 
   / Thoughts on investing in gold/silver #137  
The richest man in the world (or whatever # he is now), Bill Gates, got rich from the stock market. Not the same way I've been writing about, but definitely not from real estate.



Just being funny here, but have you not seen this? Or this?

:laughing:

The airport in Japan was the first thing I thought of as I read your reply.:laughing::thumbsup:
 
   / Thoughts on investing in gold/silver #138  
If we could develop Anwar, we would not be Dependant on foreign oil for many years. Ken Sweet


What I read was that Anwar would provide only a small % of our oil needs. I don't have the numbers at hand, but I am sure it was well under 10%.
 
   / Thoughts on investing in gold/silver #139  
What I read was that Anwar would provide only a small % of our oil needs. I don't have the numbers at hand, but I am sure it was well under 10%.

I was quoting The former Gov of the State, She said that Anwar development could eliminate dependence on "Foreign Oil" from countries that hate us anyway. Not replace all our oil needs. Ken Sweet
 
   / Thoughts on investing in gold/silver #140  
I was quoting The former Gov of the State, She said that Anwar development could eliminate dependence on "Foreign Oil" from countries that hate us anyway. Not replace all our oil needs. Ken Sweet

I think we have wandered off the original topic and into politics. Just my opinion.
 
 
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