- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Gold is a stagnant investment
Posted on 4/7/13 at 2:47 pm to Teddy Ruxpin
Posted on 4/7/13 at 2:47 pm to Teddy Ruxpin
I don't think people plan on actually purchasing items with gold shillings like back in the day. I believe the thought is more geared towards the fact that gold has historically held its value globally, independent of fiat currency. If a currency collapsed locally, one could use gold as a store of value and move to a new area wherein the gold could be used to acquire the currency of the new area.
Or if a new currency needed to be put in place, again, gold could be used to store value during the transition period then to acquire said new currency.
Or if a new currency needed to be put in place, again, gold could be used to store value during the transition period then to acquire said new currency.
1
Posted on 4/7/13 at 2:59 pm to rintintin
First scenario my opinion is that could work if your local economy isn't the USA since if the USA collapses there will not be many places to move to who are not suffering almost as badly.
The second scenario could work if you could protect your assets of course, regardless of place of residence.
Obviously its all theoretical and if you have the money and the gold insurance works then you win and I lose.
The second scenario could work if you could protect your assets of course, regardless of place of residence.
Obviously its all theoretical and if you have the money and the gold insurance works then you win and I lose.
This post was edited on 4/7/13 at 3:17 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News