GOLD 0.51% $1,391.7 gold futures

gold, page-55315

  1. 749 Posts.
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    To keep things simple for you. I have a high % of asset allocated to gold and will continue to increase the position.

    I convert my "government currency" to gold because I believe the "government currency" value is on the decline. I could hold fiat currency but i choose not to. I store the value in gold.

    For expenses its very simple i use the fiat currency to clear all the outgoings and the balance remaining I convert to gold or other assets which I believe will outperform fiat currency.

    I think what you don't understand is. I don't keep "cash". You can keep cash at bank and watch the value of your cash go down. I simply don't believe in the government currency. I rather convert it to gold. You can keep the government currency if you think that is good for you. For me I convert it to gold. Hope that clarifies.
 
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