Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SeekAndFind

Buying gold (over the long term) is one notch above burying your money in the backyard. You take high value dollars to buy an ounce of gold today and then sell that gold down the road getting low value dollars in return. The number of dollars is higher, but each buys less than the ones you hold today. Had you taken the money and bought a good rifle instead, for example, you would still have a high value asset in the future; one that has some utility. Gold can’t be turned into anything of higher value without additional expense and effort. (Are you planning on becoming a jeweler?!)

Gold can only be turned into dollars that are less valuable than the ones used to purchase the gold in the first place. The rifle can be used to secure your next meal and it’s still a rifle after you’re done using it for the day. The gold becomes pieces of paper when you’re done with it.


26 posted on 09/10/2009 9:03:51 AM PDT by Redcloak ("Oh, bother!" said Pooh, as he chambered his last round.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Redcloak
Had you taken the money and bought a good rifle instead, for example, you would still have a high value asset in the future; one that has some utility. Gold can’t be turned into anything of higher value without additional expense and effort.

How many rifles do you need?

By the way, how big does a gun safe have to be to hold 10,000 rifles?

57 posted on 09/10/2009 9:51:59 AM PDT by seowulf (Petraeus, cross the Rubicon.)
[ Post Reply | Private Reply | To 26 | View Replies ]

To: Redcloak
The number of dollars is higher, but each buys less than the ones you hold today.

You do understand the concept of multiplication right? That if y=a*b, and if "a" goes down while "b" goes up by the same factor that y is the same?

66 posted on 09/10/2009 10:58:26 AM PDT by garbanzo (Government is not the solution to our problems. Government is the problem.)
[ Post Reply | Private Reply | To 26 | View Replies ]

To: Redcloak

Since I began playing poker online, I don’t need no stinking job. I got all the heavy metal a country boy will ever need.


99 posted on 09/10/2009 8:43:58 PM PDT by STD (Don't Oppose Israel)
[ Post Reply | Private Reply | To 26 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


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