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S W
Member since May 2012
668 commentaries - 5 followers

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has posted a comment on the article :

Why gold is better than cash

- Alasdair Macleod - FinanceandEconomics

Papli... I humbly suggest that everybody will know when 'paper money has lost its worth'. At that time NOBODY will exchange their gold for paper.
Personally I will not sell my gold EVER but I will use it "purchase other assets".
Will permanent backwardation occur in my lifetime? I don't know...if not my kids will get it.
I believe Antal Fekete is correct in his analysis of the gold and silver basis.

Cheers
SW

Commented 4174 days ago

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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

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