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In my humble opinion, the gold standard is unlikely to make a comeback. The USD is doing very well having shaken off the gold standard to become the reserve currency of the world.planteria wrote: ↑Mon Jul 13 2020 8:43amdo you see us back on a gold standard AAAT?
i can see the benefits, but i see policians trying to cling on to control..
more likely that the people adopt their own approach, potentially with Gold or, more likely, Bitcoin at the core.
anyone here invested in physical Gold or Silver, or miners?
They would say that - their business model is entirely based on people holding physical gold. Doesn't mean they're wrong. But it is a sales pitch, first and foremost.
For me, personally, my gold bullion is a long-term, emergency, just in case, end of the world investment.macliam wrote: ↑Tue Aug 11 2020 11:35amGold is a relatively finite product of accepted value, currencies are dependent on the political situation and perceived value. Gold has always been the go-to at times of crisis, but is not necessarily a medium-term investment due to price volatility. Gold coins I bought in the 2000's at ~£350 are currently valued at £1800. However, the value of a troy oz of pure gold in May 2011 was £916 and is now £1516, but dropped as low as £836 in October 2016..... so would have shown a significant loss 5 years after purchase.
you're right. but i wouldn't sit with paper-gold assets. the challenge is how to hold physical gold cost efficiently, and in a way that enables you to access it if things go a over t, whilst also, in theory, being outside your own authorities' jurisdiction, if you want to go that far.
i didn't know they sell gold. how much further it will go in the next year or two remains to be seen, but i'm working on the assumption we aren't near "the top of the market" yet.
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