Friday , 26 July 2024

Gold

Why, Pray Tell, Would I Want to Own Gold?? (+4K Views)

Comments I have made that "when this [financial crisis] finally ends the big winners are apt to be the ones who have lost the least purchasing power. Keeping score in nominal dollars is likely to be meaningless. Gold tends to hold its purchasing power regardless of what happens to fiat currency” have prompted questions about a) how to achieve such purchasing power with physical gold when this stage is reached, b) how to go about buying things with gold coins and c) how gold would be utilized under the assumption that a barter system would develop when dollars become worthless. [Let me explain.] Words: 700

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What’s Wrong With Gold?

The price of gold denominated in USD doesn't tell us anything about gold. Rather, it tells us what has happened, or is happening, with the U.S. dollar - nothing else - and that is reflected in the U.S. dollar price of gold... Lately the U.S. dollar has been quite strong.

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