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Old Norm
Administrator
Member # 1482

posted 10-24-2019 05:37 PM      Profile for Old Norm   Email Old Norm   Send New Private Message      Edit/Delete Post  Reply With Quote 
If gold is so much more valuable than cash, why are they trying to sell it (for money)? Besides that, they are paying out the yazoo for advertisements. I don't get it.

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Pray For Our Country!

Posts: 33746 | From: Western KY | Registered: Aug 2001  |  IP: Logged
Tiptree
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Member # 844

posted 10-25-2019 09:51 AM      Profile for Tiptree   Email Tiptree   Send New Private Message      Edit/Delete Post  Reply With Quote 
Gold has no intrinsic value other than its use in electronics or other industrial uses. Those who are pushing you to buy gold are the only ones guaranteed to profit from it.

Gold is the classic medicine for market fear, but it rarely works. I recommend burying money in coffee cans before buying gold.

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Tiptree

Posts: 11184 | From: Terre Haute, IN | Registered: Sep 2000  |  IP: Logged
CatFanInYankeeville
Player
Member # 2025

posted 10-27-2019 12:29 PM      Profile for CatFanInYankeeville     Send New Private Message      Edit/Delete Post  Reply With Quote 
But money has no intrinsic value either. If you really want to lock in 'bang for your buck', you have to find something that will be worth the cost in barter, should the proverbial poop hit the fan. Find something everyone needs, and can be stored indefinitely. That'll be as good as gold if you ever need to trade for goods/services!

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“Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian!” Henry Ford

Posts: 5493 | From: Eddyville at heart, Chicago in life | Registered: Mar 2003  |  IP: Logged


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