NML 0.00% 1.9¢ navarre minerals limited

As the crow flies , every asset class has its flaws. Just...

  1. 2,816 Posts.
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    As the crow flies , every asset class has its flaws. Just remember in 1933 all assets crashed by upto 90%, but GOLD on the other was confiscated and promptly doubled in value.
    If you had shares in HOMESTAKE mines in those times the S P soared to$70 USD P S and the dividend was around 10%.
    Golds is a barometer of economic conditions, in high flying economic conditions money is taken out of gold and used to pursue economic activity. In bad economy times money is redeposited in to gold for safe keeping till the economic conditions improve.
    CRYPTO can never facilitate that function because of the endless amount of new crypto currencies been created.
    In short GOLD is the universal money and it needs the explosion of a neutron star to be created.
    GODD MONEY.
 
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