They probably won't, especially if we have a major economic collapse (and the signs of avoiding one are not promising).
"Paper gold" is nothing more than worthless paper.
Posted on 07/13/2016 5:20:11 AM PDT by Leaning Right
What is so “safe” about a government backed zero-interest bond? A government could default an this wonderful bond which is paying 0% interest. A government which is running deficits will be tempted to do so.
Safe is a gold bar stored in an undisclosed location.
They simply need to import another 5 million Syrian inbreds.
This should solve the problem.
An undisclosed location that you can access. Gold and silver coins are also good for everyday transactions when TSHTF.
This will end badly.
if everything falls apart, even gold will just get you by a little longer.
But it’s betterh than this, you’re right
Very true why a bond when cash or other hard investments that one holds well get the job done.
Absolutlely. I wonder if folks who have gold "in storage" or in an IRA or Gold Fund will ever see it. The other thing with gold is that to cash it in, it's necessary to have a reputable dealer. The purity of gold can be questioned, making it difficult to get full value. For all those reasons, I decided that gold isn't an investment I'm interested in. It's an individual choice people should make, based on knowledge and their own situation.
That's why my thinking is toward old US 90% silver coins. It's very easy to assess their value and authenticity.
Seems to me the only way anyone would buy those bonds is to be forced into it via law.
Such a law is coming to the USA at some point. That’s what obama’s ‘myira’ is all about. And the kneepad media will work their propaganda so the masses will willingly accept it.
I don't know how true it is, but one of the posters at the Zero Hedge site said that the German government will be forcing German banks to buy these bonds.
Sort of like: You've got a nice bank there. Shame if anything should happen to it.
They probably won't, especially if we have a major economic collapse (and the signs of avoiding one are not promising).
"Paper gold" is nothing more than worthless paper.
You get around all that by buying gold and silver coins minted by the US or Canadian mints. I like silver Maple Leafs and US Silver Eagles. Maple Leafs are .9999 silver and recognized as such. Gold one ounce Maple Leafs to store larger amounts of wealth.
They provably will sell at a discount which will determine the yield. Not interest per se but essentially the same.
Safe is firearms, ammunition, and non perishable food.
If you read much at all about the Holocaust you see how well that gold bar fantasy played out in real life.
Oh wait.
That Third Reich thing was an Alliance between European socialists and Muslims like the Palestinian Mufti. What is going on in Europe now is...
I stand by my earlier mockery.
Good point.
Protected by a good firearm in a prominent one....................
Who in their right mind would buy any of these? They’re government paper subject the inflation same as currency and even more subject to being made instantly worthless is the government defaults. At least many people would probably still accept currency if the govt defaulted on bonds. I hope they get NO sales of these.
What is the difference between these and currency?
A stack banknotes would have the same safety and be more universally accepted.
And why would someone buy zero-interest bonds? Deflation?
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