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RE: The Real Reason Billionaire Investors Buy Gold, and Why The Sky is NOT Falling - SPOILER ALERT: @dollarvigilante is wrong!
What we are dealing with is not an investment spike in gold but rather the end of a currency cycle. You canNOT print your way to prosperity. In fact every fiat currency that has come to existence has gone back to its intrinsic value. ZERO. Buying gold and silver right now is a hedge and a store of value outside of the dollar currency. Gold is money, not a currency. Know the difference my friend.
Technically, gold is a commodity. A relatively stable commodity that is often used to back currency, but a commodity nonetheless. It's value is based on supply and demand like other commodities. Currently it's value is based on increased demand on a limited supply.
Technicaly maybe, but in very large parts of the world it is currency, albeit undercounter/culture. You wouldnt send your secret service men into the desert without a few gold coins.