Friday, December 16, 2011

Gold or Cash ?

While Gold has retained its value for thousands of years , Cash is being debased by the second , practically each second that you can count the paper money you have in your hand has lost some of its value , because the central banks can print paper money to infinity , there is really no value for gold in terms of paper money , Gold is priceless , you should never exchange your gold for some paper money , Gold HAS to keep rising in price, as the population grows, and inflation inflates.Its a pretty safe bet , unlike stoicks or Fiat money Gold can never go to zero , Gold cannot go bankrupt and has retained a value throughout history. Unlike every paper currency throughout history - most of which have returned to their intrinsic value which is zero. The US dollar has not lost 100% of its value - but 97% is not far off it. Diversification and not having all one's eggs in any one basket is absolutely crucial in these uncertain times.

No comments:

Post a Comment

DAILY NEWS ON BOOZE