Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Chuckster

Thanks. Trying to figure out how to trade it especially if you can’t look up on the internet what it’s worth.


1,693 posted on 05/24/2023 6:01:37 PM PDT by MileHi ((Liberalism is an ideology of parasites, hypocrites, grievance mongers, victims, and control freaks.)
[ Post Reply | Private Reply | To 1691 | View Replies ]


To: MileHi
Trying to figure out how to trade it especially if you can’t look up on the internet what it’s worth.

I wouldn't worry about that. Gold and silver were successfully being used as money around the world thousands of years before the internet came along.

1,695 posted on 05/24/2023 6:05:25 PM PDT by Chuckster (Friends don't let friends eat FARMED FISH.)
[ Post Reply | Private Reply | To 1693 | View Replies ]

To: MileHi
Finishing my thought...
Remember, spot price is only the relative value as denominated in fiat currency.

It's not the gold or silver that is going up and down in value. It's the currency.

An ounce of gold will still buy what an ounce of gold could buy in 1950 when an ounce of gold was pegged at $35 an oz. It's the dollars that have changed in value.

1,698 posted on 05/24/2023 6:15:12 PM PDT by Chuckster (Friends don't let friends eat FARMED FISH.)
[ Post Reply | Private Reply | To 1693 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson