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Old 11-05-2017, 04:02 PM  
Barry-xlovecam
It's 42
 
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Join Date: Jun 2010
Location: Global
Posts: 18,083
You have a very short term outlook my friend ...

Some rode the ups and downs but gold crashed over 70% of its value in my lifetime.
What did the same weight of gold buy in 1200 AD as compared to what it buys today -- things like food, real property or even a suit of clothes.

1 troy ounce of gold bought a men's dress suit of good quality in 1976 and today it could buy double that. By that thinking; it is only worth half its current price, So, gold is an inflated asset. Gold is not that liquid either -- no more than Bitcoin really. Physical gold held as a hedge needs to be assayed before sold in any quantity -- it's not like you can AMT so gold into fiat currency when you need it cashed out.

Diamonds are the same way. Silver is a little better because of the weight to value is more practical.



The only storage of wealth is canned food and that is limited by its best used date.

There is no such thing as stored wealth that is stable or does not depreciate. A house to live in will always be a habitable house (so long as you can pay the property taxes, the utilities and maintain that property in usable condition). Will you want to live on that property in 20 or 30 years? Probably not

If cryptocurrecy ever becomes a real threat to the banking system and government control of commerce -- it will get severely stomped down.

https://launch.codetract.io/whitepaper.pdf

If these 'kids' get what they want they will be their own demise. Some of this is just foolish kid stuff
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