Gold fever is spreading. It may be an 1849 gold rush all over again.
(goldstockbull.com)
Comments (7)
sorted by:
As gold rises, silver will too, right?
I advise people to be careful with gold.
Gold is absolutely worthless against rising food prices.
Gold and silver have been around since the very beginning. Genesis 2 and 13, respectively. They are God's intended money. They are not considered precious for nothing and they aren't going anywhere. I would advise being more careful with Rothschild debt notes.
OK.
Food is necessary for basic survival. Gold and Silver are currencies.
Gold has repeatedly proven worthless against rising food prices. Those who have been through war will know that gold bars were often traded for bushels of wheat.
Gold is not a safe bet when Wheat Futures have ended up with limit up every day for a week.
Fair points now that you expounded a bit, and I certainly realize the need for cash and food. But gold is still very good. Similar to wheat and many other commodities, gold has gone up ~$200 in the last two weeks. One can buy a lot of wheat or bread with that margin alone. Not that this is any kind of time to be selling.
Still - only buy gold for long term investing and a hedge against inflation. it's def easier to offload it here in TX than it was 10 years ago - which is nice. past that moving it around is definitely a pain depending on how much you own.
As a hedge it's always going to be smart. Just don't figure you can easily do transactions in most places.
note: it also just hit $2k https://www.kitco.com/images/live/gold.gif
Silver is a safer bet