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re: Gold Questions
Posted on 3/3/09 at 8:47 pm to Cold Cous Cous
Posted on 3/3/09 at 8:47 pm to Cold Cous Cous
'Rivers is currently typing up a 5,000 word essay.'
Uh, I'll get back to you when the essay is finished...also still waiting for my crystal ball repair.
I buy gold all the time. No year has passed, and not many months, since the late 60s, that I have not bought some gold. When you get to retirement age you will have something to retire with. Gold never goes to zero, all fiat currencies eventually do.
This might sound like a retirement plan for a simpleton and maybe it is...but it's working for me.
Uh, I'll get back to you when the essay is finished...also still waiting for my crystal ball repair.
I buy gold all the time. No year has passed, and not many months, since the late 60s, that I have not bought some gold. When you get to retirement age you will have something to retire with. Gold never goes to zero, all fiat currencies eventually do.
This might sound like a retirement plan for a simpleton and maybe it is...but it's working for me.
Posted on 3/3/09 at 9:17 pm to Rivers
quote:
Gold never goes to zero, all fiat currencies eventually do.
This is a false dichotomy. There are many other places besides just gold and bills to put one's earnings.
For example, it would be wonderful for most mortgage holders if the dollar were to go to hell in a handbasket over the next few years. Sure, your savings account would go to hell, but so would the balance on the mortgage.
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