Subj : Re: Gold and Silver
To   : debian
From : k9zw
Date : Tue Aug 02 2022 14:25:48

On 02 Aug 2022, debian said the following...
 
 de> Just a question for y'all. Over the past several years, I have heard
 de> countless people saying to purchase gold and silver and "as the dollar
 de> crashes, gold will increase in value". I have seen gold and silver
 de> 
 de> What is the purpose of buying gold and silver if few people will accept
 de> it? Even if I am keeping cash on hand, why would I buy gold or silver? 

Debian has hit the nail on the head, that until such time other people want gold and silver more than other forms of payment, that gold and silver are a liability as much as an asset.

Personal take is in a bad situation the transition away from one payment unit to another payment unit (in our case fiat currency to precious metals) will have transitionary periods and will not be a simple flip-the-switch so now people like gold & silver more than other forms of payment,

My guess is consumable tangibles may play a role in any transition, those items being foodstuffs, produce, consumable luxury items, commodities....

And my guess is that what is valued will change dynamically.

Holding diverse assets might be the winning strategy?

--- Steve K9ZW via SPOT BBS 

--- Mystic BBS v1.12 A48 2022/02/11 (Linux/64)
 * Origin: SPOT BBS / k9zw (700:100/69)

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