“Gold will not go to infinity.”
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If the dollar is totally ruined and no one will sell gold for any amount of dollars is that not “going to infinity?”
If not, what would you call it? I’m just asking.
If not, what would you call it? I’m just asking.
If the owners of every ounce of gold will not trade any of it for anything, the price of gold will be infinite.
But that ain't going to happen.
“Gold will not go to infinity.”
As others have pointed out, Gold has been remarkably stable in terms of its actual value when viewed in terms of other commodities.
The question isn’t what Gold will go to, it’s what the dollar will sink to. A dollar used to be worth 1/35th of an ounce of Gold. At one point it was worth 1/2000 of an ounce.
Did you hear that Janet Yellen last week authorized the creation of 35 billion dollars worth of physical Gold out of thin air? No, you didn’t.
Yeah, I guess.
Wouldn’t it be simpler just to say the value of the dollar has gone to zero?
If the price of gold in dollars is infinity, that means the price of every other item for sale in a US dollar economy has also gone to infinity.
Anyway, my point was that Argentina bonds went into default today, and I would rather own gold than Argentina bonds.