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re: Can someone explain the pros and cons of gold?
Posted on 4/17/24 at 7:43 am to rob0710
Posted on 4/17/24 at 7:43 am to rob0710
quote:
quote:Then you may have an issue with having a $2300 dollar price of gold paying for only $1000 worth of goods. Is the seller going to reimburse you in the cash that you don’t want? Or are you going to have to agree to buy $1300 more worth of stuff and then rent a UHaul to haul it off?
I'd love to see the Goldbacks actually become a thing. It's a bill made from a certain weight of gold foil. Right now it's a novelty thing and there is a large premium but if it actually became a currency it may work.
I saw a precious metals dealer on YouTube showing and talking about Goldbacks awhile back, he said they seemed to be more of a novelty item a few years ago but he claims he's selling a lot of them now, they look pretty cool.
1
Posted on 4/17/24 at 7:46 am to Bass Tiger
quote:
I saw a precious metals dealer on YouTube showing and talking about Goldbacks awhile back, he said they seemed to be more of a novelty item a few years ago but he claims he's selling a lot of them now, they look pretty
You know there’s a new interest in gold among the everyday citizen when you learn that Costco is selling around 2 billion in gold every year. That’s not Central Bank buying.
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