Why stop there? How about 'beyond'?
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 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.
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.
Monkeys could fly out of my butt.
It's like the Earth-centric view of the Solar System. It's just as valid as any other. You are free to take this here Earth and plant a large flag into it that says "Center of the Solar System here, call before you dig."
Unfortunately, if you do so then the math that defines positions of every other planet, planetoid, rock, and dust in the Solar System becomes pretty convoluted. You'd have to accept that their orbits are not relatively simple ellipses around the Sun, but complicated wiggly lines around the Earth.
But that's the only difference, really. It's like, when on a road trip, instead of using the odometer in your car you observe log the vector of acceleration, and then painstakingly calculate which exit you are close to. It's possible, but it's not very practical.
The same happens with gold and the labor. The labor is the most basic reference of value. Gold tracks that reasonably well. (This can change if we release hordes of gold-mining robots, but nobody so far has an interest in doing that.)
But instead of using that labor and that gold as references, we use an arbitrary paper as unit of value - despite the fact that the paper is not backed by anything, and is printed in huge amounts daily. You'd be better off valuing stuff in gallons of milk or bales of hay.
If it goes to infinity, then all anyone needs is a fraction of a gram and they would be infinitely wealthy.
At some point, the gubmint will make it illegal to possess gold or use it for tender. Then what? Black market? The illegal and legal economies have to have a common conduit and if gold is illegal (on penalty of death), then gold becomes a liability and capital goods or trade items become the new gold.
Seems to me, anyway.
Currency is NOT money... never was..
Any that think it is... is delusional.. or ignorant..
I prefer silver. At 65 :1 the silver/gold ratio is more than a bit off and I think that will close a bit with silver going up and gold going down. Maybe
Bad math!
