Friday, August 26, 2011

Another Reason to Own Gold (that I never thought of before)

A Greek retiree withdrew his savings from bank, stashed the paper money in his brick wall. Rats devoured it.

(ViaWSJ)

7 comments:

  1. Yeah. Not too long ago I accidentally washed a pair of my jeans along with a few 500-euro bills. At that point I wished I had an 1-ounce gold coin in the back pocket. I would still have it.

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  2. So paper money is better than gold. It can be eaten!

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  3. @Richie ... or even feed your rats with paper money, then kill and eat the rats.

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  4. Note that the act of eating currency is deflationary. So the rats were just influencing monetary policy.

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  5. @ anon 9:02: hahahahaha! i laughed heartily.

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  6. I wonder if the rats were hired by Angela Merkel!

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  7. My grandfather taught me to buy gold coins and invest in gold. I now understand why he was pushing me to do that. Its a profitable investment.

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