[tcox4575]

I understand that gold is a store of value. But there are two things I don’t understand:

- when and how does anyone extract that value into something meaningful. You can’t eat it.

- why is the message to buy gold always coming from people selling gold?

[desertsolitaire]

Is there so much to be made by selling gold that it is worth more than holding it? Why is anyone selling it if it is such a valuable th8ing to purchase and hold?

[DesertRhino]

“when and how does anyone extract that value into something meaningful. You can’t eat it.”

Yeah, you can, unless you’re a moron. If you have a coin worth 3400 dollars, you can exchange that for a food budget of 65 dollars a week .. for an entire year.

[C210N]

- when and how does anyone extract that value into something meaningful. You can’t eat it.

The main purpose at this time to have gold, is trading near-worthless dollars (3% today of it's 1913 value) for something of real value, as we shift out of fiat into PM-backed currency. The chatter of a gold revaluation is coming (now at $42.22 an ounce, will be at least $3500/oz, and more likely $7000/oz, or according to USDebtClock $8081/oz). At some point I expect a situation where we will be limited to convert our old fiat dollars for new PM-backed dollars. - why is the message to buy gold always coming from people selling gold?

I recommend you trade your fiat for gold. I'm not, nor would I ever, sell you gold. At ANY price.

And I'll take the liberty to say that with a Gold-to-Silver ratio of 105 today, take the fiat you'd buy gold with, and get physical silver instead.

What new PM-backed dollars may look like.