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Comments
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If you read the linked thread, I was recommending silver which is up well over 100%, comfortably beating equities.Prism said:
So far that doesn't seem to have been the right call but maybe things will change - time will tell. It looks like gold is up about 16.5% in that time but equities are up about 27%. Some of the same effects enhance both - weaker US dollar, low interest rates, possible inflation on the way.EdGasketTheSecond said:
The 18th March was hardly 'belatedly'; it was 5 months ago !!!!!! and around the time of gold and silver's lows for the year.Sailtheworld said:
Not sure where there's an untruth. 2nd March you're discussing the impending protracted bear market. You bounce around for two weeks and then on the 18th you belatedly accept your invite to the gold party.EdGasketTheSecond said:Sailtheworld said:
You started this thread because you had a feeling in your tummy that there might be a protracted bear market and stock markets might fall by a third. You sold; you bought; you tinkered then markets went up and we heard about the next leg down / bull & bear traps / etc.EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:
Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
Quick look back and I can't see when gold first got a mention. What I suspect happened is that your google search terms led you to gold and it resonated. You're a risk taker and so you thought you'd take a punt. You kept googling though and you became even more sure that what you'd done was a good idea (and bought into a few conspiracy theories along the way). You now even believe in the God Ratio that informs when to sell gold and swap back into stocks and vice versa.Started 18th March:I don't know why you want to keep attacking me or saying untruths but please desist!
Gold investors are like vegans. People who have been doing it a while are pretty relaxed about the whole thing - it's the new entrants that have all the fervour - not an ounce of self doubt.
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But as in investor in equities, you don't get to choose the dates for comparison. If I bought gold on Friday 20th March for £40,650 per kg and sold it on Mon 23rd for £43,494, that's a gain of 7 % in one business day. Now if I extrapolate that to a year (let's say 250 business days to be on the conservative side), my £40,650 is now worth just under £1 trillion. Enough for me to employ every physicist on the planet to invent the time machine needed to make this all possible. And still have enough change left to hire every pharmacologist to invent some drug which made be believe it actually happened in case the physicists fail.Prism said:
So far that doesn't seem to have been the right call but maybe things will change - time will tell. It looks like gold is up about 16.5% in that time but equities are up about 27%. Some of the same effects enhance both - weaker US dollar, low interest rates, possible inflation on the way.EdGasketTheSecond said:
The 18th March was hardly 'belatedly'; it was 5 months ago !!!!!! and around the time of gold and silver's lows for the year.Sailtheworld said:
Not sure where there's an untruth. 2nd March you're discussing the impending protracted bear market. You bounce around for two weeks and then on the 18th you belatedly accept your invite to the gold party.EdGasketTheSecond said:Sailtheworld said:
You started this thread because you had a feeling in your tummy that there might be a protracted bear market and stock markets might fall by a third. You sold; you bought; you tinkered then markets went up and we heard about the next leg down / bull & bear traps / etc.EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
Quick look back and I can't see when gold first got a mention. What I suspect happened is that your google search terms led you to gold and it resonated. You're a risk taker and so you thought you'd take a punt. You kept googling though and you became even more sure that what you'd done was a good idea (and bought into a few conspiracy theories along the way). You now even believe in the God Ratio that informs when to sell gold and swap back into stocks and vice versa.Started 18th March:I don't know why you want to keep attacking me or saying untruths but please desist!
Gold investors are like vegans. People who have been doing it a while are pretty relaxed about the whole thing - it's the new entrants that have all the fervour - not an ounce of self doubt.
Try doing that with the stocks and shares you bought with your so-called paper money."Real knowledge is to know the extent of one's ignorance" - Confucius1 -
Pretty much. To be more precise I kept anything food-related including supermarkets, telcos, anything internet-based, and anything else that had fallen so much in value as to not be worth selling as it would not realize much value. The remainder has been sold and invested in gold, silver, and related mining and royalty stocks.thegentleway said:
Did you liquidate your entire portfolio into Gold?EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
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I'm just tracking the chap who sold his world trackers on 2nd March and bought gold.EdGasketTheSecond said:
The 18th March was hardly 'belatedly'; it was 5 months ago !!!!!! and around the time of gold and silver's lows for the year.Sailtheworld said:
Not sure where there's an untruth. 2nd March you're discussing the impending protracted bear market. You bounce around for two weeks and then on the 18th you belatedly accept your invite to the gold party.EdGasketTheSecond said:Sailtheworld said:
You started this thread because you had a feeling in your tummy that there might be a protracted bear market and stock markets might fall by a third. You sold; you bought; you tinkered then markets went up and we heard about the next leg down / bull & bear traps / etc.EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
Quick look back and I can't see when gold first got a mention. What I suspect happened is that your google search terms led you to gold and it resonated. You're a risk taker and so you thought you'd take a punt. You kept googling though and you became even more sure that what you'd done was a good idea (and bought into a few conspiracy theories along the way). You now even believe in the God Ratio that informs when to sell gold and swap back into stocks and vice versa.Started 18th March:I don't know why you want to keep attacking me or saying untruths but please desist!
Gold investors are like vegans. People who have been doing it a while are pretty relaxed about the whole thing - it's the new entrants that have all the fervour - not an ounce of self doubt.
I couldn't make sense of what you did and when - all a bit headless chicken from the outside looking in so difficult to track.
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You seemed pretty certain a few posts ago when you were mouthing off negatively about me. Maybe you should check the facts first.Sailtheworld said:
I'm just tracking the chap who sold his world trackers on 2nd March and bought gold.EdGasketTheSecond said:
The 18th March was hardly 'belatedly'; it was 5 months ago !!!!!! and around the time of gold and silver's lows for the year.Sailtheworld said:
Not sure where there's an untruth. 2nd March you're discussing the impending protracted bear market. You bounce around for two weeks and then on the 18th you belatedly accept your invite to the gold party.EdGasketTheSecond said:Sailtheworld said:
You started this thread because you had a feeling in your tummy that there might be a protracted bear market and stock markets might fall by a third. You sold; you bought; you tinkered then markets went up and we heard about the next leg down / bull & bear traps / etc.EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
Quick look back and I can't see when gold first got a mention. What I suspect happened is that your google search terms led you to gold and it resonated. You're a risk taker and so you thought you'd take a punt. You kept googling though and you became even more sure that what you'd done was a good idea (and bought into a few conspiracy theories along the way). You now even believe in the God Ratio that informs when to sell gold and swap back into stocks and vice versa.Started 18th March:I don't know why you want to keep attacking me or saying untruths but please desist!
Gold investors are like vegans. People who have been doing it a while are pretty relaxed about the whole thing - it's the new entrants that have all the fervour - not an ounce of self doubt.
I couldn't make sense of what you did and when - all a bit headless chicken from the outside looking in so difficult to track.
0 -
I've not said a single thing about your actions which isn't true based on what you've said.EdGasketTheSecond said:
You seemed pretty certain a few posts ago when you were mouthing off negatively about me. Maybe you should check the facts first.Sailtheworld said:
I'm just tracking the chap who sold his world trackers on 2nd March and bought gold.EdGasketTheSecond said:
The 18th March was hardly 'belatedly'; it was 5 months ago !!!!!! and around the time of gold and silver's lows for the year.Sailtheworld said:
Not sure where there's an untruth. 2nd March you're discussing the impending protracted bear market. You bounce around for two weeks and then on the 18th you belatedly accept your invite to the gold party.EdGasketTheSecond said:Sailtheworld said:
You started this thread because you had a feeling in your tummy that there might be a protracted bear market and stock markets might fall by a third. You sold; you bought; you tinkered then markets went up and we heard about the next leg down / bull & bear traps / etc.EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
Quick look back and I can't see when gold first got a mention. What I suspect happened is that your google search terms led you to gold and it resonated. You're a risk taker and so you thought you'd take a punt. You kept googling though and you became even more sure that what you'd done was a good idea (and bought into a few conspiracy theories along the way). You now even believe in the God Ratio that informs when to sell gold and swap back into stocks and vice versa.Started 18th March:I don't know why you want to keep attacking me or saying untruths but please desist!
Gold investors are like vegans. People who have been doing it a while are pretty relaxed about the whole thing - it's the new entrants that have all the fervour - not an ounce of self doubt.
I couldn't make sense of what you did and when - all a bit headless chicken from the outside looking in so difficult to track.
If you think you're being misrepresented that's down to your lack of clarity rather than my lack of understanding. It's understandable - lots of people got themselves into a Tiswas in the spring.
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I could respond to that but you're not worth getting banned for.Sailtheworld said:
I've not said a single thing about your actions which isn't true based on what you've said.EdGasketTheSecond said:
You seemed pretty certain a few posts ago when you were mouthing off negatively about me. Maybe you should check the facts first.Sailtheworld said:
I'm just tracking the chap who sold his world trackers on 2nd March and bought gold.EdGasketTheSecond said:
The 18th March was hardly 'belatedly'; it was 5 months ago !!!!!! and around the time of gold and silver's lows for the year.Sailtheworld said:
Not sure where there's an untruth. 2nd March you're discussing the impending protracted bear market. You bounce around for two weeks and then on the 18th you belatedly accept your invite to the gold party.EdGasketTheSecond said:Sailtheworld said:
You started this thread because you had a feeling in your tummy that there might be a protracted bear market and stock markets might fall by a third. You sold; you bought; you tinkered then markets went up and we heard about the next leg down / bull & bear traps / etc.EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
Quick look back and I can't see when gold first got a mention. What I suspect happened is that your google search terms led you to gold and it resonated. You're a risk taker and so you thought you'd take a punt. You kept googling though and you became even more sure that what you'd done was a good idea (and bought into a few conspiracy theories along the way). You now even believe in the God Ratio that informs when to sell gold and swap back into stocks and vice versa.Started 18th March:I don't know why you want to keep attacking me or saying untruths but please desist!
Gold investors are like vegans. People who have been doing it a while are pretty relaxed about the whole thing - it's the new entrants that have all the fervour - not an ounce of self doubt.
I couldn't make sense of what you did and when - all a bit headless chicken from the outside looking in so difficult to track.
If you think you're being misrepresented that's down to your lack of clarity rather than my lack of understanding. It's understandable - lots of people got themselves into a Tiswas in the spring.
0 -
Well, you said "What I suspect happened is that your google search terms led you to gold and it resonated. You're a risk taker and so you thought you'd take a punt. You kept googling though and you became even more sure that what you'd done was a good idea (and bought into a few conspiracy theories along the way)..."Sailtheworld said:
I've not said a single thing about your actions which isn't true based on what you've said.EdGasketTheSecond said:
You seemed pretty certain a few posts ago when you were mouthing off negatively about me. Maybe you should check the facts first.Sailtheworld said:
I'm just tracking the chap who sold his world trackers on 2nd March and bought gold.
I couldn't make sense of what you did and when - all a bit headless chicken from the outside looking in so difficult to track.
If you think you're being misrepresented that's down to your lack of clarity rather than my lack of understanding. It's understandable - lots of people got themselves into a Tiswas in the spring.
If you are saying 'well I suspect what you thought was....' and you're going on about how he was a headless chicken, and has got himself into a tizzy, you seem to be offering some sort of opinion on his mindset - rather than, as you contend, things about his actions that are entirely true.
1 -
I'm offering to track your investing activities this year to compare them against a global tracker. Just a simple thank you would suffice.EdGasketTheSecond said:
I could respond to that but you're not worth getting banned for.Sailtheworld said:
I've not said a single thing about your actions which isn't true based on what you've said.EdGasketTheSecond said:
You seemed pretty certain a few posts ago when you were mouthing off negatively about me. Maybe you should check the facts first.Sailtheworld said:
I'm just tracking the chap who sold his world trackers on 2nd March and bought gold.EdGasketTheSecond said:
The 18th March was hardly 'belatedly'; it was 5 months ago !!!!!! and around the time of gold and silver's lows for the year.Sailtheworld said:
Not sure where there's an untruth. 2nd March you're discussing the impending protracted bear market. You bounce around for two weeks and then on the 18th you belatedly accept your invite to the gold party.EdGasketTheSecond said:Sailtheworld said:
You started this thread because you had a feeling in your tummy that there might be a protracted bear market and stock markets might fall by a third. You sold; you bought; you tinkered then markets went up and we heard about the next leg down / bull & bear traps / etc.EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
Quick look back and I can't see when gold first got a mention. What I suspect happened is that your google search terms led you to gold and it resonated. You're a risk taker and so you thought you'd take a punt. You kept googling though and you became even more sure that what you'd done was a good idea (and bought into a few conspiracy theories along the way). You now even believe in the God Ratio that informs when to sell gold and swap back into stocks and vice versa.Started 18th March:I don't know why you want to keep attacking me or saying untruths but please desist!
Gold investors are like vegans. People who have been doing it a while are pretty relaxed about the whole thing - it's the new entrants that have all the fervour - not an ounce of self doubt.
I couldn't make sense of what you did and when - all a bit headless chicken from the outside looking in so difficult to track.
If you think you're being misrepresented that's down to your lack of clarity rather than my lack of understanding. It's understandable - lots of people got themselves into a Tiswas in the spring.
0 -
Wow! What's your plan long term? Are you staying mostly in commodities from now on or you going back into S&S at some point?EdGasketTheSecond said:
Pretty much. To be more precise I kept anything food-related including supermarkets, telcos, anything internet-based, and anything else that had fallen so much in value as to not be worth selling as it would not realize much value. The remainder has been sold and invested in gold, silver, and related mining and royalty stocks.thegentleway said:
Did you liquidate your entire portfolio into Gold?EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
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