f****r
发帖数: 5118 | |
N********n
发帖数: 8363 | 2
It will be, perhaps after it reaches 15,000/oz.
【在 f****r 的大作中提到】
: rt
|
a**n
发帖数: 2431 | 3 兄弟够奔放
【在 N********n 的大作中提到】
:
: It will be, perhaps after it reaches 15,000/oz.
|
g******n
发帖数: 53185 | 4 如果美国不打压黄金搞强势美元，黄金早到3，5千刀了
【在 a**n 的大作中提到】
: 兄弟够奔放
|
V*******i
发帖数: 47 | 5 游戏规则
资源涨-黄金涨-美元贬-资源恢复-美元回升（黄金回落）
现在美元汇率开始明显回升(攻击欧元有了效果)黄金价格随时会大幅回落(如果欧元继
续大幅走软的话)，照以往， 如美元大获全胜，黄金价格将至少回落到600-800刀/盎司 |
h*******y
发帖数: 864 | 6 I always have a hard time understanding gold bugs. What is so good about
gold as a currency, especially in the digital age like today? And it's not
like all of us are multi-millionaires and billionaries that we should truly
be worried about inflation that much, because for many of us the future
earning power is much greater comparing to our existing assets. Yes, gold
standard may prevent countries from printing money liberally, but so what?
The euro standard is prevent PIGS from printing money |
V*******i
发帖数: 47 | 7 I think for most investors, what they worry about is not inflation or gold
helging, but simply "buy low and sell high". |
g******n
发帖数: 53185 | 8 Individuals and countries start to realize that digital money and paper
money are bullshit. It is like you give the robber permit to rob you at will.
not
truly
【在 h*******y 的大作中提到】
: I always have a hard time understanding gold bugs. What is so good about
: gold as a currency, especially in the digital age like today? And it's not
: like all of us are multi-millionaires and billionaries that we should truly
: be worried about inflation that much, because for many of us the future
: earning power is much greater comparing to our existing assets. Yes, gold
: standard may prevent countries from printing money liberally, but so what?
: The euro standard is prevent PIGS from printing money
|
|
X****r
发帖数: 3557 | 9 There is no doubt paper money allows another way to tax. That's
exactly (partly) why it has prevailed. It is a less painful way
to tax, which is needed by all polical powers. Whether you like
it or not, society evolve to squeeze every last bit of
productivity from individuals, and fiat currency helps that.
Any illusion of "right" or "wrong" doesn't matter here.
will.
【在 g******n 的大作中提到】
: Individuals and countries start to realize that digital money and paper
: money are bullshit. It is like you give the robber permit to rob you at will.
:
: not
: truly
|
k***n
发帖数: 3158 | 10 EU prevents PIGS from printing money and the last G20 has basically decided
to go deflation. Yes, it's bad there. But we will see Euro getting stronger
from here against dollars. That's how market reacts and it tells you why
gold will continue its uptrend aginst dollars if Ben keeps printing.
Euro may fail eventurally due to disintegration of Euro land，but it is
another story.
not
truly
【在 h*******y 的大作中提到】
: I always have a hard time understanding gold bugs. What is so good about
: gold as a currency, especially in the digital age like today? And it's not
: like all of us are multi-millionaires and billionaries that we should truly
: be worried about inflation that much, because for many of us the future
: earning power is much greater comparing to our existing assets. Yes, gold
: standard may prevent countries from printing money liberally, but so what?
: The euro standard is prevent PIGS from printing money
|
|
|
g******n
发帖数: 53185 | 11 if paper money loses buying power so fast, people will start saving real
money which is physical gold
【在 X****r 的大作中提到】
: There is no doubt paper money allows another way to tax. That's
: exactly (partly) why it has prevailed. It is a less painful way
: to tax, which is needed by all polical powers. Whether you like
: it or not, society evolve to squeeze every last bit of
: productivity from individuals, and fiat currency helps that.
: Any illusion of "right" or "wrong" doesn't matter here.
:
: will.
|
c**********l
发帖数: 606 | 12 it's the real interest that matters. if nominal interest rate is higher
than the inflation rate, gold tanks; vice versa.
since we just don't know where we are currently, longing or shorting gold is
only speculation. it's OK and even essential to have gold in your
portfolio if your risk tolerence is low (I am one of them). but going all-
in in any asset, including gold, is extremely risky and should be avoided at
any cost, unless you are a reckless gambler.
gold bugs (holding gold as their mai |
y****t
发帖数: 10233 | 13 duh！
都快五年了吧，你还没figure out?
要知道，有些东西是造化，不是我歧视。。。
not
truly
【在 h*******y 的大作中提到】
: I always have a hard time understanding gold bugs. What is so good about
: gold as a currency, especially in the digital age like today? And it's not
: like all of us are multi-millionaires and billionaries that we should truly
: be worried about inflation that much, because for many of us the future
: earning power is much greater comparing to our existing assets. Yes, gold
: standard may prevent countries from printing money liberally, but so what?
: The euro standard is prevent PIGS from printing money
|
g*****7
发帖数: 324 | 14
【在 f****r 的大作中提到】
: rt
|
g******n
发帖数: 53185 | 15 金子又历史新高了，某些人又要郁闷了，不是说金子随便挖不值钱吗
【在 y****t 的大作中提到】
: duh！
: 都快五年了吧，你还没figure out?
: 要知道，有些东西是造化，不是我歧视。。。
:
: not
: truly
|
k***n
发帖数: 3158 | 16 Euro rose about 10% since this post and USD dropped about 8% in the same
time span. Gold is still around the same 1210 level.
Remember that in those days in May, when USD rallied and Euro dropped
like a rock, Gold even rallied harder than USD.
This small cycle tells you the strengh of gold compared to the papers.
decided
stronger
【在 k***n 的大作中提到】
: EU prevents PIGS from printing money and the last G20 has basically decided
: to go deflation. Yes, it's bad there. But we will see Euro getting stronger
: from here against dollars. That's how market reacts and it tells you why
: gold will continue its uptrend aginst dollars if Ben keeps printing.
: Euro may fail eventurally due to disintegration of Euro land，but it is
: another story.
:
: not
: truly
|
m******t
发帖数: 165 | 17 I think gold price is a big bubble. even there was inflation in future, I do
not think the paper money will be devalued by several times as gold price
increased now. gold does not produce cash flow, people buy gold against
inflation by delusion that gold can be used as currency. is there enough
gold to satisfy the exchange need for all services and products in present
world, and for the capital asset exchanges which are several times larger.
unless this production level and population go back to
【在 N********n 的大作中提到】
:
: It will be, perhaps after it reaches 15,000/oz.
|
I******a
发帖数: 3812 | 18 I think your logic is wildly confusing and assumptions are mostly unsound.
do
【在 m******t 的大作中提到】
: I think gold price is a big bubble. even there was inflation in future, I do
: not think the paper money will be devalued by several times as gold price
: increased now. gold does not produce cash flow, people buy gold against
: inflation by delusion that gold can be used as currency. is there enough
: gold to satisfy the exchange need for all services and products in present
: world, and for the capital asset exchanges which are several times larger.
: unless this production level and population go back to
|
l**********t
发帖数: 5754 | 19 the inflation-adjusted historical peak was set in 79 and gold has NOT come
back to that peak yet after 30+ years. FYI, other asset classes have much
better inflation-adjusted cumulatively returns with a 30+ investment
horizon.
【在 g******n 的大作中提到】
: 金子又历史新高了，某些人又要郁闷了，不是说金子随便挖不值钱吗
|
k***n
发帖数: 3158 | 20 that's exactly why gold is NOT in a bubble
【在 l**********t 的大作中提到】
: the inflation-adjusted historical peak was set in 79 and gold has NOT come
: back to that peak yet after 30+ years. FYI, other asset classes have much
: better inflation-adjusted cumulatively returns with a 30+ investment
: horizon.
|
|
|
k***n
发帖数: 3158 | 21 I buy gold not because I expect it will be the currency for the future
Actually I do not expect it to be
It is just a method to preserve real value. Unlike paper, it can not be
printed from thin air
do
【在 m******t 的大作中提到】
: I think gold price is a big bubble. even there was inflation in future, I do
: not think the paper money will be devalued by several times as gold price
: increased now. gold does not produce cash flow, people buy gold against
: inflation by delusion that gold can be used as currency. is there enough
: gold to satisfy the exchange need for all services and products in present
: world, and for the capital asset exchanges which are several times larger.
: unless this production level and population go back to
|
l**********t
发帖数: 5754 | 22 define "real value"
【在 k***n 的大作中提到】
: I buy gold not because I expect it will be the currency for the future
: Actually I do not expect it to be
: It is just a method to preserve real value. Unlike paper, it can not be
: printed from thin air
:
: do
|
k***n
发帖数: 3158 | 23 besides "burning value"
no matter what your definition is, gold preserves it better than paper
【在 l**********t 的大作中提到】
: define "real value"
|
m******t
发帖数: 165 | 24 there is lots of things which can not be printed from thin air, and much
more useful than gold. why do you buy?
gold is thought to have value by some people is mostly from its history
function as currency, which is actually impossible now
【在 k***n 的大作中提到】
: I buy gold not because I expect it will be the currency for the future
: Actually I do not expect it to be
: It is just a method to preserve real value. Unlike paper, it can not be
: printed from thin air
:
: do
|
k***n
发帖数: 3158 | 25 of course there are many things that can not be printed from thin air
but please name one that you think is better than gold to hold
I would certainly buy it if there is one
【在 m******t 的大作中提到】
: there is lots of things which can not be printed from thin air, and much
: more useful than gold. why do you buy?
: gold is thought to have value by some people is mostly from its history
: function as currency, which is actually impossible now
|
N********n
发帖数: 8363 | 26
This is a classic example of people so getting used to depreciated fiat
currency that they don't understand how money works any more. What do you
mean 'enough' gold? There's always enough gold if you allow the price to
self-adjust rather than propping it up with government intervention.
There's a huge number of personal computers sold every year, do we worry
about if there's not enough currency to back the sale up? No, b/c price
adjusts itself by making older models cheap. We therefore need not
【在 m******t 的大作中提到】
: there is lots of things which can not be printed from thin air, and much
: more useful than gold. why do you buy?
: gold is thought to have value by some people is mostly from its history
: function as currency, which is actually impossible now
|
a****1
发帖数: 385 | |
a**n
发帖数: 2431 | 28 没结论，请耐心等待5年看结局
【在 a****1 的大作中提到】
: 有结论了吗
|
X****r
发帖数: 3557 | 29 Deflation of currency discourages capital investing. More importantly,
A stable store of value prevents the society from being more productive
collectively -- because people would be exploited less if they don't
fear their money would lose value. And such society inevitably either
adopted the better way -- fiat money -- or perished. It seems that you
never understand that all these concepts, be it 'currency', 'value',
or 'private property', are collectively invented, or more precisely,
evolved,
【在 N********n 的大作中提到】
:
: This is a classic example of people so getting used to depreciated fiat
: currency that they don't understand how money works any more. What do you
: mean 'enough' gold? There's always enough gold if you allow the price to
: self-adjust rather than propping it up with government intervention.
: There's a huge number of personal computers sold every year, do we worry
: about if there's not enough currency to back the sale up? No, b/c price
: adjusts itself by making older models cheap. We therefore need not
|
s********n
发帖数: 1962 | 30 You are the most optimistic person about civilization I have met so far.
I am on the exact opposite side -- I think any civilization will inevitably
head to a dead end and self-destruct when it reaches certain stage.
Anyway, the problem with fiat money is that people can print as much as
they want and people will print as much as they want at the end of the day.
What you said, "fiat money allows much better control of economy", is true
on one hand but may not be a good thing on the other hand, b
【在 X****r 的大作中提到】
: Deflation of currency discourages capital investing. More importantly,
: A stable store of value prevents the society from being more productive
: collectively -- because people would be exploited less if they don't
: fear their money would lose value. And such society inevitably either
: adopted the better way -- fiat money -- or perished. It seems that you
: never understand that all these concepts, be it 'currency', 'value',
: or 'private property', are collectively invented, or more precisely,
: evolved,
|
|
|
s********n
发帖数: 1962 | 31 Platinum, hiahia.
【在 k***n 的大作中提到】
: of course there are many things that can not be printed from thin air
: but please name one that you think is better than gold to hold
: I would certainly buy it if there is one
|
s********n
发帖数: 1962 | 32 当年国民党从大陆撤离去台湾的时候，反正想把财富带走的唯一方法就是运金子。把
国统区的纸钞带走就成了 joke 了。这就是金子的价值。
【在 m******t 的大作中提到】
: there is lots of things which can not be printed from thin air, and much
: more useful than gold. why do you buy?
: gold is thought to have value by some people is mostly from its history
: function as currency, which is actually impossible now
|
N********n
发帖数: 8363 | 33
Uh no. A society remains productive as long as the hardworking people are
rewarded and allowed to keep the profit they sweat for. It ceases to be
so when you let lazy people steal from productive ones with phony excuses
such as 'social equality', and fiat money is a way to steal shamelessly.
Again no. The purpose of money is to have honest trade. In the early days
when there was no money trading was difficult. Say Allen hunts fish, Bob
grows crops, Carr cuts woods and Dave produces clothes. All
【在 X****r 的大作中提到】
: Deflation of currency discourages capital investing. More importantly,
: A stable store of value prevents the society from being more productive
: collectively -- because people would be exploited less if they don't
: fear their money would lose value. And such society inevitably either
: adopted the better way -- fiat money -- or perished. It seems that you
: never understand that all these concepts, be it 'currency', 'value',
: or 'private property', are collectively invented, or more precisely,
: evolved,
|
X****r
发帖数: 3557 | 34 You get so indoctrinated. 'Trade' is just an illusive process to
entice people to work. The vast majority of the people are not
rational. People are most productive if they thought they were
working for themselves while in fact they only keep a very small
potion of the fruit of their labor. The former part is optional,
but the latter part is essential. There was never 'honest trade',
and there will never be. Your picture of trading between free man
is just what the society wants you to believe.
【在 N********n 的大作中提到】
:
: Uh no. A society remains productive as long as the hardworking people are
: rewarded and allowed to keep the profit they sweat for. It ceases to be
: so when you let lazy people steal from productive ones with phony excuses
: such as 'social equality', and fiat money is a way to steal shamelessly.
: Again no. The purpose of money is to have honest trade. In the early days
: when there was no money trading was difficult. Say Allen hunts fish, Bob
: grows crops, Carr cuts woods and Dave produces clothes. All
|
s********n
发帖数: 1962 | 35 "this time is different" is the last words I would ever dare to say ...
because last time people said the same thing, and the second last time, and
the 3rd last time, and 4th, and 5th ...
【在 X****r 的大作中提到】
: You get so indoctrinated. 'Trade' is just an illusive process to
: entice people to work. The vast majority of the people are not
: rational. People are most productive if they thought they were
: working for themselves while in fact they only keep a very small
: potion of the fruit of their labor. The former part is optional,
: but the latter part is essential. There was never 'honest trade',
: and there will never be. Your picture of trading between free man
: is just what the society wants you to believe.
|
n******h
发帖数: 2482 | 36 thumbs up. history repeats -- just in a slightly different fashion -- and
that's enough to fool people.
and
【在 s********n 的大作中提到】
: "this time is different" is the last words I would ever dare to say ...
: because last time people said the same thing, and the second last time, and
: the 3rd last time, and 4th, and 5th ...
|
X****r
发帖数: 3557 | 37 Haha, yes. But on the other hand, there is very few things works
in the first try, so there will always be a truely different
time for most things are finally worked. Even I do think this is
the time for fiat money, who am I anyway? Maybe it is not, and
the next time will be. But on a grand scale, this is kind of inevitable,
just like once a state has nuclear weapons it will hardly give up.
(and I do think total destruction of mankind is a very possible
outcome, too, BTW)
and
【在 s********n 的大作中提到】
: "this time is different" is the last words I would ever dare to say ...
: because last time people said the same thing, and the second last time, and
: the 3rd last time, and 4th, and 5th ...
|
X****r
发帖数: 3557 | 38 This is just another common pitfall. History never truly repeats.
Only for whatever happens people can always find superficially
similar occurrence in their understanding of history, thus the deja-vu.
and
【在 n******h 的大作中提到】
: thumbs up. history repeats -- just in a slightly different fashion -- and
: that's enough to fool people.
:
: and
|
k***n
发帖数: 3158 | 39 there are a lot of things that you will never make them work no matter
how long and how hard you try, such as perpetual motion machine
Challenging such things is just wishful thinking.
BTW, where is Soviet Union?
【在 X****r 的大作中提到】
: Haha, yes. But on the other hand, there is very few things works
: in the first try, so there will always be a truely different
: time for most things are finally worked. Even I do think this is
: the time for fiat money, who am I anyway? Maybe it is not, and
: the next time will be. But on a grand scale, this is kind of inevitable,
: just like once a state has nuclear weapons it will hardly give up.
: (and I do think total destruction of mankind is a very possible
: outcome, too, BTW)
:
: and
|
m******t
发帖数: 2416 | 40
Either that, or the most cynical one.
【在 s********n 的大作中提到】
: You are the most optimistic person about civilization I have met so far.
: I am on the exact opposite side -- I think any civilization will inevitably
: head to a dead end and self-destruct when it reaches certain stage.
: Anyway, the problem with fiat money is that people can print as much as
: they want and people will print as much as they want at the end of the day.
: What you said, "fiat money allows much better control of economy", is true
: on one hand but may not be a good thing on the other hand, b
|
|
|
c**********l
发帖数: 606 | 41 there is not enough gold, at today's value, for today's trade scale globally
.
you are suggesting a much much higher gold price in order to trade all the
wheat/sugar/pig/cotton/oil globally. this is very unlikely to happen. it's
unfair. it's not even to US's interest.
separate investment decisions from your political/religious believes.
what is gold, realistically? ppl will eventually wake up and say no to gold
backed system for good. we are already doing so. gold system may come
back onc
【在 N********n 的大作中提到】
:
: Uh no. A society remains productive as long as the hardworking people are
: rewarded and allowed to keep the profit they sweat for. It ceases to be
: so when you let lazy people steal from productive ones with phony excuses
: such as 'social equality', and fiat money is a way to steal shamelessly.
: Again no. The purpose of money is to have honest trade. In the early days
: when there was no money trading was difficult. Say Allen hunts fish, Bob
: grows crops, Carr cuts woods and Dave produces clothes. All
|
c**********l
发帖数: 606 | 42 a lot of food for thought, thanks!
One-mind-for-all is definately a valid form of civilization. Personally I
prefer diversity and will fight for it to my last breath. but i can't deny
that a master mind for mankind is a very efficient solution and is a
possible evolution direction.
it's just like the globolization being inevitable. against the tide, i will
do all i can to preserve culture diversity, although it's becoming harder
and harder. but as long as ppl still reads Li Bai, Dante and Moli
【在 X****r 的大作中提到】
: Deflation of currency discourages capital investing. More importantly,
: A stable store of value prevents the society from being more productive
: collectively -- because people would be exploited less if they don't
: fear their money would lose value. And such society inevitably either
: adopted the better way -- fiat money -- or perished. It seems that you
: never understand that all these concepts, be it 'currency', 'value',
: or 'private property', are collectively invented, or more precisely,
: evolved,
|
N********n
发帖数: 8363 | 43
So you are thinking that holding fiat only to let politicians dilute it
away with endless printing is fair. Holding in gold is not? You can keep
trusting them all you want, I just keep exchanging my USD for silver &
gold. Someone has to be on the other side to take the trade anyway.
What does this phenomenon that people in Zimbabwe traded their food in
gold after their fiat currency crashed tell you? Gold is money. Whenever
politicians screw fiat pretenders up, gold comes back reclaim its statu
【在 c**********l 的大作中提到】
: a lot of food for thought, thanks!
: One-mind-for-all is definately a valid form of civilization. Personally I
: prefer diversity and will fight for it to my last breath. but i can't deny
: that a master mind for mankind is a very efficient solution and is a
: possible evolution direction.
: it's just like the globolization being inevitable. against the tide, i will
: do all i can to preserve culture diversity, although it's becoming harder
: and harder. but as long as ppl still reads Li Bai, Dante and Moli
|
c**********l
发帖数: 606 | 44 no, it's no science. gold is money historically because its chemical
stability and physical scarcity. gold is money today because ppl "think" it
is. it's all about phychology. no science involved, sorry.
don't mix your political view in investment decisions. it is not rational.
btw, government is diluting fiat money to dilute their debts, internally and
externally. it's probably for the interest of the U.S., and most americans.
think it this way, if they don't dilute, instead, they pay up |
c**********l
发帖数: 606 | 45 i don't trust government and politiciens. not at all. i am all for a much
smaller and less influential government.
i am not stupid though, to gamble all my hardearned money in one asset, just
because of the governemnt's being stupid. |
N********n
发帖数: 8363 | 46 L: Doug, we’ve talked about cars, cows, and cash, but the investment world
thinks of you as a gold bug, so let’s give that a go; why gold?
Doug: Sure. First of all, it’s because gold is actually money. It’s an
unfortunate historical anomaly that people think about the paper in their
wallets as money. The dollar is, technically, a currency. A currency is a
government substitute for money. Gold is money.
Now, why do I say that?
Historically, many things have been used as money. Cattle have been us |
N********n
发帖数: 8363 | 47
You claimed to distrust politicians, and yet recommended bonds that they
issue. That kinda strategy definitely makes a case of being stupid.
【在 c**********l 的大作中提到】
: i don't trust government and politiciens. not at all. i am all for a much
: smaller and less influential government.
: i am not stupid though, to gamble all my hardearned money in one asset, just
: because of the governemnt's being stupid.
|
c**********l
发帖数: 606 | 48 US bonds are still considered one of the most safe investments. ppl's
monies vote for it.
I just wanted to point out that all-in any asset is highly risky, be it bond
, stock, or gold.
it's ok to gamble as long as you realize that you are gambling.
a lot of ppl has 100% in stocks, some of them know the risk they are taking,
others just brainwashed to jump in without thinking.
some ppl has 200% in stocks, via margin, most of them realize that they are
gambling but still do it. it's tolerable |
c**********l
发帖数: 606 | 49 political views != investment decisions.
I have politcal views. my views has no significance in how the world thinks
about US bond.
ppl have voted for US bond (and for gold) using their hardearned money.
some are rational, some are not. what matters is the safety of my money.
by putting them in stocks/bonds/gold in a balanced AA allows me to achieve
my financial goal. that's why i buy US bond, that's why i buy gold,
although personally i trust neither US government, nor gold being the "real |
c**********l
发帖数: 606 | 50 if your goal is to keep real purchasing power, that's a valid one. over
long term gold has achieved this goal nicely.
what i want to point out, though, is that other investment tools can achieve
the same goal over long term, too. both bonds and stocks have outperformed
gold in the long run. cash is on par with gold in the long run.
also keep in mind that the volatility of gold has been huge historically. |
|
|
s********n
发帖数: 1962 | 51 I always first emphasize that I am not a pure gold bug.
But what you said "both bonds and stocks have outperformed gold in the
long run" is nothing more than an observation in the last 30 or 40 years,
which may no longer be true for the next 30 years. In the last 10 years,
the volatility of gold is definitely at the same level of the volatility
of stocks, if not less.
Most of what you claimed are actually old thing people claimed 10 years
ago. Many of them are already not so true if you look at
【在 c**********l 的大作中提到】
: if your goal is to keep real purchasing power, that's a valid one. over
: long term gold has achieved this goal nicely.
: what i want to point out, though, is that other investment tools can achieve
: the same goal over long term, too. both bonds and stocks have outperformed
: gold in the long run. cash is on par with gold in the long run.
: also keep in mind that the volatility of gold has been huge historically.
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c**********l
发帖数: 606 | 52 I agree that we are in the hard asset phase in the hard vs. soft asset cycle
, greatly thanks to money printing. So your point of gold may outperform
stock and/or bond is well taken.
but we don't know it for sure. assuming gold and stock and bond all have
similar volatility and expcted return, by combining all of them, you will
still have the same expected return, but much lower standard dev. that's the
advantage of a balanced portfolio, vs. all-in a single asset.
the assumption is quite gener |
h****o
发帖数: 351 | 53 Because Gold and silver can be stored easily. Can you store natural gas at
home?
【在 m******t 的大作中提到】
: there is lots of things which can not be printed from thin air, and much
: more useful than gold. why do you buy?
: gold is thought to have value by some people is mostly from its history
: function as currency, which is actually impossible now
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h****o
发帖数: 351 | 54 It depends on what kind of stocks you bought. If you buy stock in China
before 1949? or south America or Russia or ... What to be left?
Bonds is worthless at all!
achieve
outperformed
【在 c**********l 的大作中提到】
: if your goal is to keep real purchasing power, that's a valid one. over
: long term gold has achieved this goal nicely.
: what i want to point out, though, is that other investment tools can achieve
: the same goal over long term, too. both bonds and stocks have outperformed
: gold in the long run. cash is on par with gold in the long run.
: also keep in mind that the volatility of gold has been huge historically.
|
k***n
发帖数: 3158 | 55 in terms of storage, yes it is easy for gold
but not that easy for silver
I guess that's why silver has higher premium in terms of percentage
【在 h****o 的大作中提到】
: Because Gold and silver can be stored easily. Can you store natural gas at
: home?
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a****i
发帖数: 4783 | 56 How about gold price increase 1000 fold. Is it enough to satisfy exchange
need?
do
【在 m******t 的大作中提到】
: I think gold price is a big bubble. even there was inflation in future, I do
: not think the paper money will be devalued by several times as gold price
: increased now. gold does not produce cash flow, people buy gold against
: inflation by delusion that gold can be used as currency. is there enough
: gold to satisfy the exchange need for all services and products in present
: world, and for the capital asset exchanges which are several times larger.
: unless this production level and population go back to
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