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Papli
Member since May 2012
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Why gold is better than cash

- Alasdair Macleod - FinanceandEconomics

SW thanks. It is by coincidence that I wrote the comment exactly a year ago and find the quandry of whether gold will move to $1800 or $1600 remains. While in the interim I have not sold my gold either but had I booked profits and traded in gold my gains could have been easily compounded. The option of sticking to our holdings and possibly adding some more or trading remains open. I still feel we could trade our way to better gains than wait for the day when we could barter our gold to buy our needs. Lets not bother too much for our kids have their own destinies to play with as time goes by. Regards.

Commented 4171 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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