"Gold shall destroy FED.Q"
(media.greatawakening.win)
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That makes sense.
Metals are a value store, not an investment. I've heard that a lot. But you just made me really understand it.
Thank you.
1oz = 1 custom suit and shoes.
I don't know, seems like a lot for some swim trunks and flip flops.
I like the way you think.
Yes. Since the Roman Empire and long before, an ounce of gold has been roughly the amount needed to outfit oneself with a quality suit of clothes and footwear.
Talk about a stable form of money!
Various factors (especially today) have gold (and silver) moving up and down somewhat in market value, but NEVER to zero or even near that.
What's coming for precious metals will include currency tied directly to gold and/or silver and/or other commodities. The more directly and the more easily exchanged FOR metal or other commodities the better.
World population is far above what it was when America began minting 1-oz $20 coins, and many things people buy today did not exist (or were even imagined) back in the 1700s and 1800s. Those will be factors, to what extent I don't know, but the old FIAT dollar price will be staggeringly high because a staggering number of those fake dollars have already been created and billions more are being generated daily.
The market value of gold -- how much gold it takes to purchase a defined item or items at retail, for example -- will be more in line with the historic value, meaning one ounce of gold will be a large but not overwhelming amount of money; more than you'd likely use at the grocery store but appropriate for large purchases. That's my belief, at any rate.
Very unlike EVERY fiat currency in history, which has typically been over-printed or otherwise devalued -- eventually into nothingness.
Gold is a standard. The closest we have to a zero for economics. It suffers no loss (decay, rust, etc) and yields no gain. OR close enough. For an investment to be profitable it must beat gold. Inflation allows for the operation of cash furnaces, businesses that produce losses yet are profitable.