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Gold as a Store of Value Illustrated

By smaulgld   Jun 19, 9:42am   1 link   144 views   3 comments   watch (1)   quote

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1   Quigley   759/764 = 99% civil   Jun 19, 11:01am  ↑ like   ↓ dislike   quote    

So basically it keeps up with inflation over time on the average. Not a big surprise.

2   smaulgld   17/17 = 100% civil   Jun 19, 1:29pm  ↑ like   ↓ dislike   quote    

yes no big surprise at all- people expecting it to skyrocket or become worthless are off base

3   NuttBoxer   403/407 = 99% civil   Jun 19, 1:37pm  ↑ like   ↓ dislike   quote    

smaulgld says

people expecting it to skyrocket or become worthless are off base

Not entirely true. Gold and Silver are historic hedges against bank controlled economies. When confidence in the economy drops, price rise, when confidence is high, prices wane. Also, gold is not "keeping up" with anything. It's merely a reflection of lost value as the dollar continues to be printed ad-nauseam. This stick in gold/silver, not the other way around.

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