Quote:
Originally Posted by The Demon
This is completely false/inaccurate. But please, everyone go ahead and sell your gold so I can stock up. That way when we hit hyperinflation and gold skyrockets to $5-6k an ounce.
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Umm... you just agreed with me but called me wrong... Wow. Anyway, I said "Which is why gold is a good investment against inflation." That doesn't mean sell your gold, it means invest in it.
If everything hyper-inflated, you would get equal or less value for what you paid for the Gold, because everything around you would have hyper-inflated with you. Just because you get more cash, doesn't mean you really end up better. The cost of living/business will have skyrocketed you'll simply run out of gold quicker or would need a crazy amount of it and not be able to afford more of it. Basically... it's value wouldn't hold.
Thinking it would save your ass in an economic disaster is crazy.... using it for long term investments is smart.