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re: Can someone explain the pros and cons of gold?
Posted on 4/17/24 at 7:21 am to Bamadog75
Posted on 4/17/24 at 7:21 am to Bamadog75
quote:
Gold has been used for currency for thousands of years , the dollar only a few hundred years. In 1935 if you buried an ounce of gold and 35 bucks they were about the same. Come back 90 years later the ounce of gold is worth 2400 the 35 bucks is the same. Not very hard to understand.
That 35 dollars actually buys you less than it did back then. That makes your example even stronger for gold.
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