I agree with you that the folks selling gold should not be trusted—it is a risky investment just like everything else.
That said, a gold based currency is a good temporary solution in a time of uncertainty.
At 83, I have been putting my life in order. I had been thinking about buying some gold coins and leaving to children and grandchildren in my safe deposit box. Now that it is in $1900s I will wait. Would a drop to $1500 be a good time to buy, or is that unrealiztically low? Any advice to a FReeping widow would be appreciated.
Glad to hear Putin has dropped his Rubble demand. Is he getting good economic advice, or is he settling down to the reality of the situation he has created? Does he need to stop bothering Ukraine so they can get their spring crops planted? Do his own people and guys at the front need to be doing the same thing in Russia? Has he decided his own people will be hungry next year if everybody doesn’t get busy creating food?