Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

neville
Member since May 2012
83 commentaries -
Follows 1 member

0 followers

has posted a comment on the article :

Why gold is better than cash

- Alasdair Macleod - FinanceandEconomics

All ye know and All ye ever need to know about GOLD is that GOLD IS MONEY THAT YOU CAN TRUST.

Take this example of what inflation can do for you in 1969 you could buy GOLD at the fixed price
of $35 ......NOW take the price of BEER in 1969 for 69cents you could buy one a pack 6 cans devide that into
$35 gives us about 51 in todays MANIPULATED price of GOLD WHICH IS CURRENTLY $1072 ..........NOW
devide that by $11,95 givess us roughly 90 packs of 6

The dollar has lost its purchasing power by a minus quatity as you would in reality with the $35 1969 money
WHICH IS NOW A FIAT CURRENCY been able to buy only 4 ruddy packs >>>>Leaving us with the FACT that GOLD BUGS
COULD BINGE while the FIAT currency holders would have to PULL IN THEIR BELTS UNTILL THEY TOUCHED THEIR BACKBONES

Commented 3062 days ago

Send

Beginning of the headline :The question most often asked of gold bulls is, “At what price will you take your profits?” It is a question that betrays a lack of understanding about why anyone should own gold. Nevertheless, the simple answer must be, “When paper money stops losing its value”. This response should alert anyone who asks this question to the idea that owning fiat cash is the speculative position, not ownership of precious metals... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis