I think we are looking at a gold bubble that will burst, followed by REAL inflation. I’m taking a pass now but might get in later.
You really can’t eat gold.
I think there will be gold bubble/burst and then a forex run. Which paper is chosen I am not privy to. Just a guess
When it's all said and done .... what does a man really need to live and stay alive?
Food and shelter.
Everything else just makes a boring, get up, go to work .. (grow/hunt for food, gather/make fuel for heat .. etc), eat and sleep existence a little more interesting.
I think that's what God saw when He looked down and said, "It is not good that man should be alone"
Anyway, I agree with you RobRoy ... gold's value can be DEtermined (think about that word) at any time.
We live in a new age where geeks often command more power and money than the CEO (at least until after they fix the server problem) .. so what is 'worth' and what do we want something of value for?
Food and shelter.
but you can trade it for something to eat or someplace to stay or safety - barter sets the value.
You can eat Federal Reserve Notes but as a store of value and nutrition I believe you'll be very disappointed in their performance.
“I think we are looking at a gold bubble that will burst...”
I worry about that, too.
I think the same. There are too many ads on radio and tv hawking gold to make me feel comfortable. My internal warning system is going off.If it gold was as great an investment as they claim, no advertising would be needed.
No, but you can eat the bodies of the people you kill who try to take your gold away from you.