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Papli
Member since May 2012
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Why gold is better than cash

- Alasdair Macleod - FinanceandEconomics

Vox, I hundred percent agree with you. The third reason for diversification into precious metals is to duck the evil designs of the politician and bankers to deprive us of our last morsel. Of late back home, there has been a sudden surge to get after the corrupt. Resultantly, it is the small and less corrupt whose financial dealings are being intruded into, while the big fries are members of the enquiry panels probing such corruptions. The other day a banker asked me embarrassing questions before accepting a small amount of cash for deposition in my bank account. The rates of FDRs which appear our saviour having invested our lives hard earned money into them after TDS barely compensate for inflation. With currencies losing their worth world wide, the issue of black and white money is gradually becoming less relevant, if not irrelevant. So those who pride in their WHITE holdings are living in a fools paradise. The answer to this writing on the wall is getting hold of physical gold/silver or both and on priority while they are still available. You could achieve this by going long or by trading. Though I have never traded but had I done so my holdings of gold and silver would have been a few multiples higher. I pray to God to give me the guts to trade from today onwards. Regards.

Commented 4374 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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