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25/09/20

16:50

Post #: 47635899
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Originally posted by princey37: ↑

Ok, property and stocks smash gold if you are looking for returns, everyone trades and invests money in multiple asset classes. Gold is a store of value, evident by your previous chart.

Does the current situation look anything like 2011????????? Go and have a look at the money supply. We are clearly in a different situation now.

I'll give you a simple example; you are in a boat that has a small hole in it. You have a bucket that you can use to bail out (sound familiar) some of the water. You can see the shoreline so you paddle a bit then stop and bail some water out, the boat is slowly filling but you will make it back to shore. Then, you get cranky with your progress and start smashing the bucket on the boat because you have a temper. The end result is more holes in the boat with no bucket. As the boat fills with water it gets heavier and fills faster. Then you drown. But you smart passenger had a gold coin, which they used to pay for a ride on the cruise ship that just went past. (Cruise ships can now operate in this story)

Can you come up with a story that makes more sense than that?

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Gold isn't a store of value. It's a myth.
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gold, page-86166

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