Quote:
Originally Posted by Porsche-O-Phile
Fiat currency has no inherent value - it only has value when people commonly agree it does.
Gold has no inherent value (unless you build semiconductors or do restoration dentistry) - it only has value when people commonly agree it does.
What’s the difference exactly? Gold just has more of a history of being commonly accepted but that doesn’t mean it will be. I have some but wouldn’t ever expect it to save my butt if I needed something critical for survival. Might come in handy, might not.
If there’s ever a global collapse of the sort that could destroy the USD I doubt gold would fare a heck of a lot better. Lead would probably do pretty well. I’m pretty well stocked in that so I’m probably ok when the volcano blows.
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The difference is governments can't just print a few trillion more gold ounces.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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