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Why gold is better than cash

- Alasdair Macleod - FinanceandEconomics

It is interesting to see how both of you view precious metals ownership. There would seem to be two main reasons. Papil sees it more as a sound investment while S W. tends to stress the insurance policy aspect. Both are valid reasons for owning precious metals. There may come a day in the not too distant future when a third reason emerges. What i am speaking of is the government, in what has become their increasingly intrusive poking about in our financial affairs, deciding to do away with paper money entirely and go electronic. That way they would know what you had spent, where and on what you had spent it as well (and most importantly) if you had paid all of the myriad taxes. Should that day come, the only way to participate in the black market would be with precious metals. It could also have uses in other ways for those who might want to conceal certain of their perfectly legal activities such as cigarette smoking, alcohol and fast food consumption from various authotities.

Commented 4170 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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