honestinjun

Why do people have to make this more complicated than it is? Over the last 30 years the price of gold has risen 1400%. In the last 50 years, the dollar has lost 85% of its value - not rocket science!
 

Why do people have to make this more complicated than it is? Over the last 30 years the price of gold has risen 1400%. In the last 50 years, the dollar has lost 85% of its value - not rocket science!
 

Why do people have to make this more complicated than it is? Over the last 30 years the price of gold has risen 1400%. In the last 50 years, the dollar has lost 85% of its value - not rocket science!
 

Man I'm glad I don't have you as a financial adviser. Gold is a store of value because it is not subject to the inflationary pressures that fiat currencies are. Since 1913, the US dollar has lost 96% of its value. Over the last 20 years, inflation in the US has eaten away 57% of the dollar's purchasing power. Compare that to gold.

How can the USD, or any other fiat, be a store of value when it is backed by absolutely nothing and can be printed ad infinitum?

As I mentioned in an earlier post there is a massive disconnect between the 'spot' price and physical gold - coins in particular - they may as well be two different entities.
Waiting for the spot to drop in order to pick up some bargain bullion is a fools game. Any physical (coins in particular) that comes near spot is getting grabbed. Why? Because peopled are cottoning on to the worthless fiat currency (not money) that we are awash with. Physical gold/property is the only real store of value. Make of that what you will.

My time is too valuable to waste with someone who thinks currency is money.
Goodnight.

The people of this country did nothing when the government mandated masks and lockdowns. What exactly are the same people going to do when the government says we are going digital, turn in your cash for the CBDC because next month it will be worthless? People are going to comply like sheep.
     

The people of this country did nothing when the government mandated masks and lockdowns. What exactly are the same people going to do when the government says we are going digital, turn in your cash for the CBDC because next month it will be worthless? People are going to comply like sheep.
     

The people of this country did nothing when the government mandated masks and lockdowns. What exactly are the same people going to do when the government says we are going digital, turn in your cash for the CBDC because next month it will be worthless? People are going to comply like sheep.
     

As I mentioned in an earlier post there is a massive disconnect between the 'spot' price and physical gold - coins in particular - they may as well be two different entities.
Waiting for the spot to drop in order to pick up some bargain bullion is a fools game. Any physical (coins in particular) that comes near spot is getting grabbed. Why? Because peopled are cottoning on to the worthless fiat currency (not money) that we are awash with. Physical gold/property is the only real store of value. Make of that what you will.

The people of this country did nothing when the government mandated masks and lockdowns. What exactly are the same people going to do when the government says we are going digital, turn in your cash for the CBDC because next month it will be worthless? People are going to comply like sheep.
     

The people of this country did nothing when the government mandated masks and lockdowns. What exactly are the same people going to do when the government says we are going digital, turn in your cash for the CBDC because next month it will be worthless? People are going to comply like sheep.
     

The people of this country did nothing when the government mandated masks and lockdowns. What exactly are the same people going to do when the government says we are going digital, turn in your cash for the CBDC because next month it will be worthless? People are going to comply like sheep.
     

The people of this country did nothing when the government mandated masks and lockdowns. What exactly are the same people going to do when the government says we are going digital, turn in your cash for the CBDC because next month it will be worthless? People are going to comply like sheep.
     

Of course, now or even come the digital apocalypse, you won't be able to exchange a gold sovereign for a trolley full of groceries in Tesco. Why would you even try?
But not too far away an intermediary will want your gold and you will simply exchange a small portion for the current mode of currency, exactly what we do now - that's how it has been for thousands of years - the allure of the yellow metal will not go away just because we might have some digital dystopian system forced upon us.
Beware the naysayers that say your precious gold will be worthless - they are either jealous or are indeed themselves the temple moneychangers in disguise.
Remember that we are not just dealing with a physical entity here; gold has magical properties beyond its fiscal worth, that is why we are drawn to it, that is why it is coveted.
Keep the faith and keep the gold. Keep stacking and hold till the end!!!

According to data compiled by the World Gold Council, central banks globally added another 31 tons of gold to official reserves in October.
Taking the premiums into account there still seems to me a big disconnect between the quoted global spot price and the actual retail price/demand of physical gold.
So is paper gold (etf's) anywhere near the real thing or just a massive con to manipulate the price and is it actually worth the paper it's written on?

The people of Oxfordshire are fools to accept such nonsense.  Or, perhaps they'll let the process start and then violently revolt ?

"Show me your Papers!"

Of course, now or even come the digital apocalypse, you won't be able to exchange a gold sovereign for a trolley full of groceries in Tesco. Why would you even try?
But not too far away an intermediary will want your gold and you will simply exchange a small portion for the current mode of currency, exactly what we do now - that's how it has been for thousands of years - the allure of the yellow metal will not go away just because we might have some digital dystopian system forced upon us.
Beware the naysayers that say your precious gold will be worthless - they are either jealous or are indeed themselves the temple moneychangers in disguise.
Remember that we are not just dealing with a physical entity here; gold has magical properties beyond its fiscal worth, that is why we are drawn to it, that is why it is coveted.
Keep the faith and keep the gold. Keep stacking and hold till the end!!!

Of course, now or even come the digital apocalypse, you won't be able to exchange a gold sovereign for a trolley full of groceries in Tesco. Why would you even try?
But not too far away an intermediary will want your gold and you will simply exchange a small portion for the current mode of currency, exactly what we do now - that's how it has been for thousands of years - the allure of the yellow metal will not go away just because we might have some digital dystopian system forced upon us.
Beware the naysayers that say your precious gold will be worthless - they are either jealous or are indeed themselves the temple moneychangers in disguise.
Remember that we are not just dealing with a physical entity here; gold has magical properties beyond its fiscal worth, that is why we are drawn to it, that is why it is coveted.
Keep the faith and keep the gold. Keep stacking and hold till the end!!!

Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments
How will the Nigerian Prince that keeps wanting to give everyone in the US millions of dollars get his money?

Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments
How will the Nigerian Prince that keeps wanting to give everyone in the US millions of dollars get his money?

CBDC is not currency.  The most accurate equivalent is a ration card because it's purpose is to restrict purchases.

CBDC is not currency.  The most accurate equivalent is a ration card because it's purpose is to restrict purchases.