We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Landlords enjoy windfall from global storm
Comments
-
In settlement of a debit yes, but not in in exchange for a transaction I believe.
Also if you settle a debit in "legal tender" to the full value of the debit then you are legally protected from claims of non settlement.
That's true but I don't really see how legal tender could apply to a transaction as you can't force the selling party to sell so you can't force them to accept the cash.Relative values do change, but intrinsic value is retained. If you need a brick and you own a brick you are your own king, if you own £5 and you need a brick then the brickholder is king.
The brick analogy was a poor one replace it with plot of land as, really ownership of land is all you can ever count on.
I see your point. Lots people like gold as a store of value. I'm not one of them but they have a good point too.0 -
Gold eh, since we aren't on the gold standard it's pretty useless.
Gold's only value was in the past were you could lend it to a bank for a little interest who intern could lend this out at alot of interest as a paper credit note. Since banks no longer need gold deposits to print money gold is pretty worthless.0 -
Gold eh, since we aren't on the gold standard it's pretty useless.
Gold's only value was in the past were you could lend it to a bank for a little interest who intern could lend this out at alot of interest as a paper credit note. Since banks no longer need gold deposits to print money gold is pretty worthless.
The best argument I've heard in favour of gold as a store of value is that in Roman times, for a man of means it would cost about an ounce of gold to buy a smart outfit. The cash value of an ounce of gold (£450) will do the same thing today.
I'm with Warren Buffet though - you pay a fortune to dig the stuff out of the ground before paying another fortune to store it in a hole in the ground and it doesn't even pay an income!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards