This will really bite into my eBay sales. I was planning on selling my 25 year old GE refrigerator's parts on eBay. Damn.
speaking of.. have you seen how high gold is right now? damn, i wished i'd have listened to those commercials! 
and then those other commercials about the sunken ship and helping to finance it and possibly make some money off of it. well, guess who did? John Edwards! Yep.. he made a killing on that deal. But its all hung up in litigation now I think...
anyhow, how does gold get so high when we are headed into a 'recession' ...? what am i missing?
Precious metal, with gold being the Gold Standard, is theoretically what the foundation of all economies (printed monies) is based upon. I say theoretically, because it isn't reality. The other theory is, when economic troubles are a-brewin', owning gold will save you when the bottom falls out. The irrational thinking behind this gold craze is, as paper money will be as worthless as used toilet paper, someone will still trade you a loaf of bread for a bar of gold. This makes sense only if gold tastes better than bread, which has yet to be proven.
So, as recession infects and temperatures rise, which is a self-feeding disease and symptom, gold becomes attractive to those who think it will always have special value, which indeed it may, but I don't count on it (they are already manufacturing real diamonds). Since gold is a limited mineral, in both amount available and in what is left to be mined, and since more people want to buy and hold it because of recession/depression/Armageddon fears, the free market reacts as it should. The price of gold goes up.
