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S W
Member since May 2012
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Why gold is better than cash

- Alasdair Macleod - FinanceandEconomics

HI Papli. We all trade/invest in different ways.
I trade the Gold Spot price with CFD's and with a modicum of success so I do not need to put my stock at risk.
Further,when I have some spare irredeemable paper thingimajigs I swap them for real money.
I am in no real way concerned about the number of thingamajigs that I have to exchange for the real money.
The reason for that is, whether the price of the real money goes up or down over time I am of the firm belief that I will be able to exchange the real money ( if need be) for things that nobody will accept paper money for.
The good thing is that those things will be being sold off by desperate people who will take any amount of gold or silver, simply to survive.
Like my father in law ( a very streetwise person ) liked to say...'He who has the gold, makes the rules'

Re my kids... Gold..its theirs if i have no use for it before I pass on. If I do use it they will receive the solid assets I buy with it.
As Maclead says above " this makes gold and silver,not cash, the ultimate risk free investment class"
I wish you all the best with your endeavours.

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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