Posted on 07/30/2014 5:56:17 PM PDT by blam
Gold always sounds good. Metals usually do.
It would be interesting to know over time how many have actually made money on metals investments, and how many lost a fortune on them.
Ever notice: It’s always time to buy gold — never time to sell?
Or not.
And, it may get cheaper before it gets more expensive. Or, the reverse.
The Germans could have made a killing in the gold market,had we not lost their hundreds of tons oF bullion.
And lead can take your gold.
Really though. Aside from small amounts I don’t deal with gold. Being that I own a machine shop I have very valuable skills to trade and racks filled with aluminum and carbide cutters. As long as I can trade some diesel fuel to run my generator I am in pretty good shape. If I can’t trade something for diesel, or there’s no diesel, then there’s a lot more we all have to worry about than gold.
Why stop there? How about 'beyond'?
Gold is a storage of wealth not an investment.
Over the long term. an ounce of gold today pretty much buys what an ounce of gold did 50 years ago, 100 years ago, 1,000 years ago, etc.
Gold can and will go up, probably to the tune of 2,700-3,000 dollars at some future point. All it takes is some foreign policy moment where everything changes, if only for a day.
I agree with that. I’m not sure people understand that though, and they do use it for investment purposes.
That would be the very definition of a good currency; as opposed to fiat currencies such as the dollar which drops half its value about every 10 years.
It is a better investment than a savings account. At least it stays up with inflation, bank accounts rarely even pay half the inflation rate and you have to pay income tax annually on the interest your money “earns”.
As a way to spread risk in volatile financial events, is isn’t bad at all.
Ping.
infinity is not a number
will the price keep up with inflation
can sell it after an economic collapse? Who will buy it?
Gold will not go to infinity.
It also will not go where Argentina bonds went today.
“That would be the very definition of a good currency; as opposed to fiat currencies such as the dollar which drops half its value about every 10 years. “
But politicians can not manipulate hard currency like they can fiat currencies.
They like spending dollars and repaying with dimes.
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