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Gold Lifetime
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Troubling news in the world of finance: Peter Schiff: China, Russia buying gold because 'they can read the writing on the wall'.
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It's our Federal Reserve Note currency scam... Worthless paper...Is Fiat another bogus so-called crypto currency scam?
Why are the hawkers of precious metals always so will to exchange it for worthless fiat currency?
Is Fiat another bogus so-called crypto currency scam?
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
Rotate your stock, keep it fresh...Non-perishable food is always a good investment.
Just remember to keep an eye on expiration dates.
Bought some food today using cash. Felt like a good transaction.
Eh - I get the premise, but I've always found it rather laughable that in some type of major incident that someone who is starving, but with a lot of shiny rock, is going to be able to trade that shiny rock for food.
Eh - I get the premise, but I've always found it rather laughable that in some type of major incident that someone who is starving, but with a lot of shiny rock, is going to be able to trade that shiny rock for food.
People can horde whatever floats their boat.
It's to maintain wealth AFTER whatever has occurred has stabilized.
Perhaps increase wealth during whatever, if someone would chose to sell something of value directly for PM's (property, as a simple ex).
While all this is indeed true, the other factor is supply, the planet isn't rendering hoardes as it once did. Which technically goes back to supply and demand...Gold, like everything else, is only so valuable as determined by how it is desired by others. Basic laws of supply and demand.
What doesn't make sense however, is why gold is sought after. (Traditionally, not counting the application it is used for with technology today)
It's just a shiny rock, has no practical value or use for the common man and seemingly the only reason why others desire it is because it is an agreed upon method of exchange. The same could be done with any item chosen to act as currency.
Gold, like everything else, is only so valuable as determined by how it is desired by others. Basic laws of supply and demand.
What doesn't make sense however, is why gold is sought after. (Traditionally, not counting the application it is used for with technology today)
It's just a shiny rock, has no practical value or use for the common man and seemingly the only reason why others desire it is because it is an agreed upon method of exchange. The same could be done with any item chosen to act as currency.