Originally posted by DimPrawn
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Reply to: Shiny Metal Bubble ?
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Previously on "Shiny Metal Bubble ?"
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Gold is a safe haven in times of uncertainty - but not the best investment otherwise.
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Originally posted by Julius Caesar View PostI wish it were true. Can someone please explain the 1980 peak to me, as anything other than speculation?
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Originally posted by DimPrawn View PostPeople need to stop thinking about gold as gold and think of it as what it is, another currency. One that no single government controls and no one can print more of it.
It just happens to be gold as gold is relatively scarce, cannot easily be made artificially, takes time and money to "mint" and does not degrade.
Humans need a currency to represent wealth and buying power that is not subject to "quantitative easing".
Gold doesn't go up, paper money goes down.
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Originally posted by zeitghostDon't you just love the comments?
Mmmmmmmmm. I smell a Plan B for some one - sell instructions on how to make gold to the Bob's.
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Looks like the Pound is taking another pounding today, even against other fiat rapidly inflating currencies.
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People need to stop thinking about gold as gold and think of it as what it is, another currency. One that no single government controls and no one can print more of it.
It just happens to be gold as gold is relatively scarce, cannot easily be made artificially, takes time and money to "mint" and does not degrade.
Humans need a currency to represent wealth and buying power that is not subject to "quantitative easing".
Gold doesn't go up, paper money goes down.
Leave a comment:
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