Not as an inflation hedge but as a disaster hedge.
Tags: Gold
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Recent Comments
I buy gold cause I'm on crack
buried in the garden eh? .........what was your address?
You're a moron! Commit suicide!
p.s. I guess you got no gold!
And take off that stupid hat......you wanker!
Dont trust in Gold or money or this pre communist Government. Just trust in the Lord and you will be fine. People fail you, things fail you but God doesnt fail you. Run to God. Jam 4:8 Draw near to God and He will draw near to you. And what was that at the end?
@GoldSilverMedia
Sorry to give you a `non` answer, but - it depends on what disaster hits.
When this disaster hits, do you think gold and silver mining stocks will follow the general market or the physical?
Governments have always discouraged holding gold, yet they stockiple it in vaults by the ton. Gold as well as silver make fiat money or rather curencies look bad and uncover the lies of the government. I recomend holding some gold, but rather believe silver will outperform gold by a long shot on a percentage basis. Also gold has historically proven to be a good investment in inflationary as well as deflationary depressions as the modern mystic has said here as well. Nice vid.
@TheModernMystic
Ask Bruni
Inflation is also a disaster. Deflation is also a disaster. I agree, gold is a hedge against disaster.
@TheModernMystic
Hi, did they not say the same about Property being a safe bet
against currency years ago?
Its what seems safe for a long time causes the problem.
Cheers!
@ytgv3fc7 Heard it all before. We will see what happens.
@ytgv3fc7 Excuse me? In March 1985 the S&P 500 was at 179 and today it's around 1160. That doesn't include gains from dividends.
@DynaCatlovesme about 10% higher than stocks over the same time. Those who crashed crashed so hard they were wiped out. So they didn't get to start over. Gold doesn't crash like that since it's a real asset and not a paper manufactory of dreams and good intentions.
@MotaMouse given the Andrew Maquire story that just came out, that 99 of 100 paper gold and paper silver certificates out there are backed by nothing, as per JP Morgan Chase (he has recorded phone conversations, apparently still working with GATA on this) I'd say it's not a good time to expect prices to go down. At all.
@snakecharmer133 that is simply not true. Some older meds, anti-biotics, become non-viable, none become toxic. Salt & sugar indeed in high concentrations relative to water will kill bacteria. the issue with sugar however is it may still be a viable food for some fungus. The concentrated salt? Death to anything that will infect a human. Not lethal to you if you don't just sit and eat it all (dehydration)
@snakecharmer133 that is simply not true. Some older meds, anti-biotics, become non-viable, none become toxic. Salt & sugar indeed in high concentrations relative to water will kill bacteria. the issue with sugar however is it may still be a viable food for some fungus. The concentrated salt? Death to anything that will infect a human. Not lethal to you if you don't just sit and eat it all (dehydration)
@snakecharmer133 that is simply not true. Some older meds, anti-biotics, become non-viable, none become toxic. Salt & sugar indeed in high concentrations relative to water will kill bacteria. the issue with sugar however is it may still be a viable food for some fungus. The concentrated salt? Death to anything that will infect a human. Not lethal to you if you don't just sit and eat it all (dehydration)
@magichandpuppet
Aaaaaa??.........No, I doubt it.
Great point, MM! I'll bet even Karl Denninger is secretly buying some gold as a hedge against disaster as we get further and further past the point of no return.
@kricke243 So deflation is good for "money", which is gold. Which is still the only real money that exist (except silver).
The easy way to see it is that USD is still a derivative of gold, like other fiat currencies is in sorts a derivative of USD. And when currencies experience problems (like inflation or deflation) and get "unpegged" they go down the "pyramid" to the safer stuff, but today USD is not safe and is also unpegged (like the Swedish krona got unpegged in the 90s), so they go down into gold, which is the ultimate currency and ultimate extinguisher of debt.
Funny thing is I was reading newspapaer articles a few years ago about how the worlds gold supplies were very low and people were despretly digging new sites to try and find some more. My guess is the people who created this situation are the very people who hold all the gold a win win situation for them, I suggest nobody buys the stuff, tha twill bugger em up!!.
@TheModernMystic and vodka, of course.
Portable pension?
Gold and silver are real money and paper isn't. They have been since before recorded history. That's about all the reason I need, anyway.