Re:Breaking News-Bank-Meltdown-ECONOMY IS COLLAPSING..09/15/08
Top Comments
Video Responses
All Comments (8)
-
@maxmidget1 Looking at this 11 months later, I am still firm to believe that gold would be a major economic utility that will be used in an economic breakdown. What else would there be to trade if the price of money is so overinflated, and pretty much worthless? They did it back in the days when there were no coins or paper to be called money. I am not saying that this was the only source of trading they did, but it did have an impact when you wanted to buy something from someone else.
-
dont forget its used in almost all electronics, and nasa uses it for sun shields. the amount of gold in jewelry doesnt come close to the amount of gold in electronics.
-
Buying gold is not a bad idea, Gold has actual value, our dollar bill is just paper with some writing on it, and since our government just prints more and more money, the "worth" of the dollar is declining.
-
Wow, what a terrible idea.
Gold has very little utility, as its main purpose (or the reason it's price is so high) is jewelry, the demand for which will decline in the face of a major economic breakdown. It's demand, and thus it's price, has been artifically inflated over time based on societal demands, and thus its price is not relative to its true utility.
TLDNR: No one cares about shiny things after a major economic collapse
-
agreed, this is what they are doing in africa, well not exactly buying it, they are trading it for bread.
2 words - BUY GOLD
billvancouver72 3 years ago 5
I stand in a hundred percent agreement with billvancouver72. also we should purchase pure silver & other precious metals. never forget valuable minerals either, there's always diamonds, rubies, emeralds, etc. get your hands on time tested, tradable commodities.
sunmanpatoo 3 years ago 4