I think by the time the dust begins to settle people will be shocked to learn just what is truly scarce and abundant. One of the biggest things keeping me from being more confident about gold in particular is the seemingly well founded rumors of MASSIVE gold deposits underneath the Grand Canyon, possibly even the reason it was elevated culturally to such a degree over other impressive natural formations, allowing the Feds to lock it down completely.
Agreed. Gold has been pursued and horded for thousands of years by many different nations and cultures. It's all been taken from us "non-elites" with both incentives (cash for gold) and removal of the gold standard.
Since gold's industrial use (vs things like silver) is not very large, it's not as mobile as other precious metals and, because of that, it's far more likely to be hidden off ledger. I believe there is FAR FAR more gold out there than we could even consider and that the pricing of it may fluctuate wildly for a long time to come.
I'm not a finance guy by any means, but knowing what I know about the precious metal situation, I'm far more interested in silver than gold for the reasons mentioned above.
I think by the time the dust begins to settle people will be shocked to learn just what is truly scarce and abundant. One of the biggest things keeping me from being more confident about gold in particular is the seemingly well founded rumors of MASSIVE gold deposits underneath the Grand Canyon, possibly even the reason it was elevated culturally to such a degree over other impressive natural formations, allowing the Feds to lock it down completely.
Agreed. Gold has been pursued and horded for thousands of years by many different nations and cultures. It's all been taken from us "non-elites" with both incentives (cash for gold) and removal of the gold standard.
Since gold's industrial use (vs things like silver) is not very large, it's not as mobile as other precious metals and, because of that, it's far more likely to be hidden off ledger. I believe there is FAR FAR more gold out there than we could even consider and that the pricing of it may fluctuate wildly for a long time to come.
I'm not a finance guy by any means, but knowing what I know about the precious metal situation, I'm far more interested in silver than gold for the reasons mentioned above.