Quote:
Originally Posted by TheDoc
Nice, but most people don't have physical gold... being that you do, I have a question. If the economy's around the globe fail; who, what and how would you exchange your gold?
Gold has value because people are buying GLD like mad.. making the demand go up, when the supply is solid. If banks or reserves aren't exchanging gold, because they have nothing to exchange it with (a eco issue) - how does it have value?
|
Gold has been the central medium of exchange and store of wealth for millennia, so people will always find a way to trade it.