Gold may be a conductor
topstuf
Posts: 14,803 ✭✭✭✭✭
But I like it as insulation. 
4
topstuf
Posts: 14,803 ✭✭✭✭✭
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Pretty good insurance policy as well. Something all central banks agree upon.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
That's what I meant. Insulation against fraud and banking..........or are those the same thing?
for me, insurance against a failing currency
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
For most its been insurance against weath creation.
Knowledge is the enemy of fear
Insurance is to protect wealth, not create it. Learn the difference between insurance and investments.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Edumacate me. Surely you can find a ZH article.
Knowledge is the enemy of fear
For most its been insurance against weath creation.
That's odd, my wealth was created though diligent work and savings. Buying precious metals on a somewhat regular schedule didn't impair that progress. I'm happy with the result.
Best of all, I don't have to agonize about when to get out of the stock market and whether or not I should invest in precious metals. I don't have to worry that my brokerage might get hit during a market downturn or whether my bank might be illiquid.
My biggest concern is what happens next when my family, my neighbors and my town all see their middle class status falling down around them and when the jobs evaporate when the debt bubble blows up.
Some people may think that it won't affect them. Good luck with that.
I knew it would happen.
Why would you ever agonize about it in the first place. Its never gone to zero and has been the best performing asset class for over 100 years.
As is frequently mentioned in this forum, diversity is usually a successful strategy.
If your neighbor or family cant find work, then they should move. Folks have been relocating for better opportunities for generation upon generation.
Knowledge is the enemy of fear
Gold is an excellent part of any financial plan. Investments, cash, gold.... all play a part in financial security. Cheers, RickO
it does not hurt to have it hidden somewhere
spam: got some for sale less than spot on the BST Precious Metals forum.....lol
bob
https://forums.collectors.com/discussion/1027687/the-official-november-2019-precious-metals-buy-sell-trade-thread#latest
Gold is a conductor - of electricity and heat. Julia Child did a program where she cooked with a 24kt gold fry pan. She lived it, except for the weight.
@thefinn....Did she mention if the food was any better? Too 'rich'?
Oh well... I will stick to AGE's, no need for more frying pans....Cheers, RickO
Julia Child did a program where she cooked with a 24kt gold fry pan. She lived it, except for the weight.
I actually did work outside of here residence in Cambridge..she was truly a genuinely nice person.
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