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neville
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Why gold is better than cash

- Alasdair Macleod - FinanceandEconomics

All ye know and All ye ever need to know about GOLD is that GOLD IS MONEY THAT YOU CAN TRUST.

Take this example of what inflation can do for you in 1969 you could buy GOLD at the fixed price
of $35 ......NOW take the price of BEER in 1969 for 69cents you could buy one a pack 6 cans devide that into
$35 gives us about 51 in todays MANIPULATED price of GOLD WHICH IS CURRENTLY $1072 ..........NOW
devide that by $11,95 givess us roughly 90 packs of 6

The dollar has lost its purchasing power by a minus quatity as you would in reality with the $35 1969 money
WHICH IS NOW A FIAT CURRENCY been able to buy only 4 ruddy packs >>>>Leaving us with the FACT that GOLD BUGS
COULD BINGE while the FIAT currency holders would have to PULL IN THEIR BELTS UNTILL THEY TOUCHED THEIR BACKBONES

Commenté il y a 3205 jours

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Début de l'article :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... Lire la suite

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