Started By
Message

re: Can someone explain the pros and cons of gold?

Posted on 4/17/24 at 9:54 am to
Posted by Bamafig
Member since Nov 2018
3206 posts
Posted on 4/17/24 at 9:54 am to
You can trade that gold later for more of the dollars that are worth less. I don’t understand the goldbugs.
Posted by OccamsStubble
Member since Aug 2019
5139 posts
Posted on 4/17/24 at 10:04 am to
quote:

You can trade that gold later for more of the dollars that are worth less. I don’t understand the goldbugs.


Interestingly, you're not limited to only trading that gold later for more of the dollars that are worth less. You also have the option to trade that gold for housing, food, water rights, land, guns, ammo, silver, fuel, Lira, drachma, rubles, rupies. Maybe a few other things.

I know a 'goldbug' that made $27,251 on his investment. Last Thursday.
Posted by Bunk Moreland
Member since Dec 2010
54239 posts
Posted on 4/17/24 at 10:08 am to
I think most people hold for a SHTF scenario. But, I don't know how much that will save you. There was some decent material out there about how silver helped some people navigate one of the Argentina crashes.

I don't understand the bitcoin bros. I realize some people have made a lot of money off it. But, it never made sense to me that people who don't trust the fed's digital printing press moved to something just as intangible.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram