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Skol

33,126 Posts.

1404

20/04/21

16:49

Post #: 52598801
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Originally posted by Melburn: ↑

I hold a diverse portfolio with gold and cash being my smallest holding. It's there to protect (hold it's value) from destruction of fiat weather that be inflation, hyperinflation, deflation, war, or currency war.

Most things were there is a finite supply generally holds value to someone, gold is very limited, it has a history of acting as a currency as well as a very important industrial metal. Gold supply is in decline as it's getting harder to find. It's reported the us has the largest supply of gold but countries from the euroasian block are fast approaching. Prior to the Bretton Woods agreement gold used to back most fiat currencies, the current US m2 money suppply is backed by nothing but a printing press and the US millitary. Unfortunally the us millitary is not as strong as it was in the 90 and early 20's and cannot deffend the dollars in counties that can defend themselfs.

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You've been reading websites that predict economic mayhem and fiat money extinction, it's quite common on the gold forum, without an ounce of proof. For example you say "gold supply is in decline".

I receive posts like yours every few weeks from what I call 'newboyz'.

Where did you get that from...Jim Rickards?

"Gold supply is in decline".......

Last edited by Skol: 20/04/21
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