Why Own Gold?
In this report I look at the early market action from London on Tuesday, September 12th, 2017. I also cover one of my books: "A Pocketbook of Gold" by James E. Sinclair and Peter D. Carlin.
In this report I look at the early market action from London on Tuesday, September 12th, 2017. I also cover one of my books: "A Pocketbook of Gold" by James E. Sinclair and Peter D. Carlin.
Solid analysis @maneco64 Gold is money.
Thanks for sharing!
Why own gold? It's money. It is the only money (with the exception of small change or peoples money which is silver). People don't realise that gold is money and always has been because this truth has been hidden from the population for many years. However, it will soon begin to enter the public consciousness as the paper houses begin to collapse in the coming winds of change. I'm afraid bitcoin is a distraction from the truth.
Bitcoin will supplant Gold within the next 10 years.
Gold is real money!
Silver been holding since it broke 17.50, 18.00 was the new resistance which it's trying to break, look to this week for silver to break the 18.00 and hod over 18.00 maybe higher, of casitas this is speculation but at the sea prices you can't go wrong,
Nice report👍
gold increases 2%
Inflation is 3%
Why buy gold?
Gold does not necessarily increase in line with inflation on a year by year basis, but in the long term it will maintain it's purchasing power. Besides, if you think inflation is 3% you are mistaken. It is much higher and increasing when you look at essentials such as food, energy and rent. Sure you might be able to purchase discounted consumer goods, but if food, energy and rent are increasing at high rates, soon nobody will be able to afford consumer goods. An article this morning on Zerohedge points out that cars in the UK are not selling. A symptom perhaps?
If you bought gold in the UK 10 years ago, you would be doing just fine now as the pound has collapsed. In the next 10 years I would suggest that you will probably also do fine. Take a step back and look at the bigger picture. Now more than ever you need to protect your wealth.
Gold is money so it's like savings. You need to look at it over longer periods of time. Since 2008 it is up from around $675 and from 2001 from $250 granted it did spike at $1920 in 2011 but if you dollar cost average it is the best way to save.
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nameco64, excellent analysis on Gold and Silver. Still holding onto my Gold through end of month. followed, upvoted and resteemed
@traderdad Thanks.
Thank you