the gold stock craze, page-16

  1. 1,418 Posts.
    Hi asteroider,

    You say a lot of ggod stuff. But one thing that I read fairly often that irks me every time has been said by you. So I have to write something.

    It's the bit about the end of the global financial system and don't worry about gold just buy a gun.

    The thing is most people feel that the chance of the global financial system ending is remote. But without a doubt the chances of that happening have been increasing exponentially - the chances of somethng lesser happening is likely nigh.

    So there is a small risk that carries a massive downside and the world ends in chaos. But there is a greater risk that lesser things happen that mean you won't necessarily have to reach for your gun, but it might mean that your fiat currency is worthless (for any number of reasons).

    But if the world does descend into chaos, I can only see that that would make gold very valueable. It wouldn't be priced in fiat currencies however, it would be far too valuable for that!

 
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