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Posted on 1/18/19 at 5:06 pm to Mid Iowa Tiger
quote:
Let’s just say it’s not unusual in certain circles. Especially B2B transactions that don’t want traces for tax purposes.
, what? It's unusual in all circles.
Posted on 1/18/19 at 5:07 pm to hob
Did I read that wrong? You say 11B, but the article says 310B. What am I missing?
Posted on 1/18/19 at 5:13 pm to X123F45
I paid for part of some services with a Kruggerand once.
Posted on 1/18/19 at 5:19 pm to UpToPar
quote:
This may be a stupid question, but here is goes....what makes gold the "gold standard"? In other words, why is everyone so sure that the price of gold is more stable than the american dollar if the american dollar is no longer tied to the price of gold?
Gold is a horrific alternative to dollars. If gold was an inflation hedge, the red line in this chart would be flat from the 1970s onward. Clearly, it is not.
This post was edited on 1/18/19 at 5:20 pm
Posted on 1/18/19 at 6:21 pm to X123F45
I knew a older man that had some when I was in college. He was a anesthesiologist amongst other things and probably in his 80s. Basically all of his wealth was in gold.
He said his entire life he would buy gold bars with his savings. Over the years he accumulated a fortune.
Always seemed like it would be hard to use this for retirement savings because it would be hard to sell the gold for cash when you need cash. But he wanted the security of having something more stable than stocks and the banks.
He said his entire life he would buy gold bars with his savings. Over the years he accumulated a fortune.
Always seemed like it would be hard to use this for retirement savings because it would be hard to sell the gold for cash when you need cash. But he wanted the security of having something more stable than stocks and the banks.
Posted on 1/18/19 at 6:26 pm to soccerfüt
I have one of each that were tipped to me when I worked at a casino.
Posted on 1/18/19 at 10:32 pm to brmark70816
quote:
Did I read that wrong? You say 11B, but the article says 310B. What am I missing?
Interesting. The article states "book value" of $11B and then I just saw the fine print of "market value" of $310B.
I have no idea how the treasury calculates book value for gold in a vault.
But if using the $310B market value then ....
then 310/1700= $00.18
$00.18 gold "backed" to each dollar.
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