Originally posted by bilbo35
Gold mining stocks pay dividends...Sold NCM $44.....Gold has held value over the years. Was 25USD an ounce 1913 and 35USD an ounce 1933....
1314 USD per ounce 2019. One USD now worth 4 cents of a USD in 2019 due to inflation year on year since 1913!
Still denying inflation!
Even my Gold holding is up 8%...Bank interest 2%....Taxed on both. CGtax Discount on Gold held 12months. Bank Interest straight to income!
Calculate your Stocks/Dividends "inflation" adjusted....You know purchasing power of the Dollar...Gold Holding up nicely...
Printing money does not increase purchasing power!
IMO!
Printing money does not increase purchasing power!
Who's printing money? Not the USA, the USA is 'unprinting' money by increasing interest rates, not sure how many times I have to make this point.
The 'printing money' myth is a cornerstone of goldbug philosophy, so I don't suppose it's going to go away anytime soon.
Apparently many of those who buy gold here are anticipating a global meltdown if I read their posts right, but given the performance of silver during the Great Depression (gold was fixed) I can't figure out why, because the price of silver crashed.
Paying off debt would be one way to stave off the worst affects of a colossal crash, and another would be to purchase US Treasuries, which are risk-free. During the Depression, Treasuries rates declined to almost zero, bond yields and prices move in opposite directions, so those that owned Treasury bonds made a lot of money.
US Treasuries can be easily acquired through a fund.
