[expat_panama]

Yo Todd, we got a money definition problem here and maybe you can explain this better than I can.

Most people say money is a  and a medium of exchange, unit of account, and a store of value. 

Dollarbull and Swing_Thought know gold isn't a medium of exchange because they never use it to buy anything.  OK, they might trade it for something, but  baseball cards work too and they aren't money.  Gold can't be a unit of account either; if say, dollarbull said his house was worth 100 ounces of gold this past year then we wouldn't know if it was worth $76k or $114k.  

Dollarbull says is "I'll hold gold as my money" --as if it were a store of value.   My dear sweet mother-in-law (rest her soul) 'stored' about a hundred grand in gold when it peaked at $880/oz in 1980.   In 1980 the DOW was at 800 but I digress...

Ping me if you have any luck.

[dollarbull]

My dear sweet mother-in-law (rest her soul) 'stored' about a hundred grand in gold when it peaked at $880/oz in 1980. In 1980 the DOW was at 800 but I digress...

I guess ignorance runs in your family? LOL. Who would backup up the truck on an asset at the tip top of its parabolic blowoff capping the end of its secular bull run? Oh right, your ancestors.

If you knew your history you'd know that there's a time and purpose for every investment class. The past decade and most of the next, is the time for gold. How's the DOW done over the last 10 years? Gold's been a great store of value the last decade - watch it do what it does best while your fiat unit of account melts away

[dollarbull]

Dollarbull says is "I'll hold gold as my money" --as if it were a store of value.

$400/oz later...yep, it's a store of value.