To: Toddsterpatriot
Does it alway protect your wealth?
Yes. History shows that when fiat currency collapses, gold will still feed, clothe and shelter me.
Opportunity cost. What did you lose in interest or dividends on the money you spent on gold?
Gold is not an investment for me. It is insurance. When you can't trade your paper interest and dividends for food, I'll still be living high on the hog with my gold.
.
28 posted on
12/07/2005 11:57:05 AM PST by
mugs99
(Don't take life too seriously, you won't get out alive.)
To: mugs99
Yes. History shows that when fiat currency collapses, gold will still feed, clothe and shelter me.Absent a fiat currency collapse does gold always protect your wealth?
When you can't trade your paper interest and dividends for food, I'll still be living high on the hog with my gold.
When I can't trade my interest and dividends for food, no one will be living high on the hog.
29 posted on
12/07/2005 12:01:04 PM PST by
Toddsterpatriot
(The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
To: mugs99
"When you can't trade your paper interest and dividends for food, I'll still be living high on the hog with my gold."
Until someone trades you a copper-jacketed piece of lead for your gold, and everything else you have, of course.
30 posted on
12/07/2005 12:02:25 PM PST by
BeHoldAPaleHorse
(MORE COWBELL! MORE COWBELL! (CLANK-CLANK-CLANK))
To: mugs99
Gold is not an investment for me. It is insurance. Bonds.
37 posted on
12/07/2005 12:28:08 PM PST by
Alter Kaker
(Whatever tears one may shed, in the end one always blows one’s nose.-Heine)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson