The globe is involved in worldwide conflict. There are food and energy shortages. Wild gangs inhabit cities and intimidate regular people, crime is rampant. Financial ruin in investments of all kinds is everywhere. But that's OK, you've got GOLD! There are legitimate uses for gold but it is useless as a commodity to support life.
I have never understood why something you can eat, wear or live in is worth less than gold. In a true crisis, say extreme food shortages, if I own food and you own gold, who is better off. Wouldn't you rather own a farm instead of a gold mine? If you are freezing in the middle of winter, wouldn't you rather have wood to burn for heat than a pocket full of gold? In a famine, all your gold wouldn't buy my BigMac.
I'm sure gold has value under normal circumstances but the pitch to buy gold is designed to frighten you into buying gold because other investments are risky and losing value. In a time of true crisis, it seems a worthless stock is no more worthless than a ton of gold.
If anyone who understands the gold thing and you're reading this, explain it to me.
I have never understood why something you can eat, wear or live in is worth less than gold. In a true crisis, say extreme food shortages, if I own food and you own gold, who is better off. Wouldn't you rather own a farm instead of a gold mine? If you are freezing in the middle of winter, wouldn't you rather have wood to burn for heat than a pocket full of gold? In a famine, all your gold wouldn't buy my BigMac.
I'm sure gold has value under normal circumstances but the pitch to buy gold is designed to frighten you into buying gold because other investments are risky and losing value. In a time of true crisis, it seems a worthless stock is no more worthless than a ton of gold.
If anyone who understands the gold thing and you're reading this, explain it to me.
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