How The Gold Market Used To Work

[QiwiPenLisolet]

google: the only thing you need to know about bullionvault

[justsomecanadian]

@QiwiPenLisolet Thank you for informing me about this. Cheers from Canada.

[billandpech]

As best I can tell from an hour on Google, this company is legit.

I wonder what % of total investments should be in gold for inflation protection?

Would it be the same if US inflation were 7%, 15% or something catastrophic like 50% for a year or two?

I think that something around 7% is likely, but think that higher amounts are plausible. What would be a reasonable amount to invest under these assumptions? I'm guessing 20% but haven't done my research.

Where can I research this?

[TadRapidly]

Posh accent equals truth-telling, right? I fucking hope so.

[frontier1701]

gunthaarz..your timeline is completely incorrect.... better review your american history ace....

[gunthaarz]

Gold can never be the standard again. the bankers have a monopoly and have cornered the gold market. The gold market is how the scam started in the first place. The reason why the economy was good before the gold standard was removed was because we had no FED! and people and govt had not startet borrowing all their money from the banks and the FED had not started printing their money out of nothing plus demanding interest on it from GOV. & Govt had to ask for more money to pay the interest

[sirnyk]

I wish they get a way past gold.

[mightyturisas]

Gold is not just a desirable metal for humans to look well established and glossy. It is also used in electronic wiring. But even so, since the dawn of civilized man, man has wanted gold for religious worship and also for class structure. It has always been valuable, and wanted. I sincerely doubt the desire to own gold will ever diminish, as the desire of gold has been alive for over 15,000 years.

[bullionvault]

Good question - there's many reasons why gold is valuable, and it being a pretty shiny metal is just one! Perhaps the main reason its valuable is because its guaranteed to be rare - unlike easy-to-print paper promises. Its only about 30 or 40 years since the US Dollar was 'backed' by gold after all.

[delibertad]

What I still don't get is why gold is valuable. Isn't its value just the same as paper bills? Meaning its valuable because society decided it would be? Other than that, what value does it really have? What can it be used for? It's nothing but shiny metal!

[michael2B]

Why is grain more valuable than potatoes?

Why is silver more valuable than steel?

Why is education nore valuable than ignorance?