I have said it before, but was sucked in by the hype and traded pm's for about 3 years,and was 'a true believer' in gold is money.I thought that any debt , or share was almost evil, and owning any investment property was doomed to failure.Much to my chagrin, property and shares boomed, while my gold and silver holding languished or went backwards.Talk to the general', and they all think gold traders are nuts, or simply 'a bit weird'.Unfortunately gold has a very small fan base, and very few believe it to have any real intrinsic value.To prove this, if all money was pulled from the system , gold would go first.The next trading currency could be food, bullets, or even vibrators for that matter! Don't kid yourself, paper and gold are as important as each other, and neither will exist without the other, and the downfall of 1, will lead to the downfall of the other, simple. Gold is no different than dollars, and in real terms, has no value like them either.At 1 stage, we used sea shells as money , and stones , so lets not overplay the role of gold.Silver ,on the other hand has intrinsic industrial/electronics value, but a currency it aint, and should march higher ONLY if supply shortages are as true as has been portryed. Everything else is traders talk , a bit like a derivative much value, but no value...[where are my pills? , aaahhh ok now I feel calm..lol ]
I have said it before, but was sucked in by the hype and traded...
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