And I’ve always wondered why gold sellers are so eager to take in your ‘devaluating’ currency for their valuable gold?
You want to buy physical gold. Coins and bars are your best bet.
Paper? That’s all it is.
If you buy bullion or coins, it’s in your hand or in the bank. If you buy gold stocks or something similar, you’re investing in the gold market.
Gold has always had value and always will because it does not rust away or disintigrate. It is as inert as lead. Bury gold in the ground or throw it in the sea for a thousand years and it can be retrieved good as new. It is also the best of conductors.
And gold holds it’s value. A one ounce gold coin in ancient Greece would buy a nice toga, a good belt, and a good pair of sandals. Today, a one ounce gold coin will buy a nice suit, a good belt and a good pair of shoes. It’s value has fallen only slightly as more gold has been found.
Gold has been used as a medium of exchange since time began, while paper money fluctuates when compared to something of real, tactile value. For example, in the Confederacy, the paper money became worthless only because nobody would accept as an exchange for something. People will always accept gold because it can be retraded for something else.
1. Your gold is in your pocket, or the cookie jar, or the safety deposit box. You decide.
2. You spend gold as it has been done for centuries: trade it for what you want.
3. You could get change in gold, or in silver, or in some other commodity. Or the merchant can run you a tab, or bill from a prepayment, or may give you change in old money at the current value rate.
Same as throughout the history of civilization.
The booger eating moronic ancient Romans could figure out the gold currency thing, but you can’t.