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ourlady

4,283 Posts.

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16/09/20

19:01

Post #: 47396795
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Originally posted by Skol: ↑

No, I did not lose a lot of money on gold, and that's often been posted here by eccentric goldbugs - I was invited to stay here by goldbugs after entering a debate on gold about 2011 and surmising that it was due for a crash.....which actually occurred as you're no doubt aware.

I'm not anti-gold, I couldn't care less about it, I have units in a natural resources fund which owns gold miners. Goldbugs hate me debating the other side of the coin, that is that gold, a metal that has no utility except to store in a vault, is not worth thousands more than its current value.

And goldbugs lap up the absurd predictions of the gold 'expert's like Peter Schiff, Jim Rickards and Egon Von Greyerz, none of whose predictions have even remotely come true. But they sell gold bars, so they've got vested interest in spoon feeding end-of-times BS to those that are easily parted with their hard-earned cash.

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Which gold bugs lap up Schiff and Co. Skolly ?

Your the only one continually referencing them.

Anyolehow, $35 cash purchased an ounce of gold in 1970. Today it requires $1950 cash for that same one ounce block.

I know which I prefer as a store under the bed.

And 1920's Weimer Republic, went broke, and to buy a meat pie a wheelbarrow full of their money was required. The US and most other western countries now heading the same way
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