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Re: what is the deal with gold
 
Johny Apple Bomb Views: 1,665
Published: 15 y
 
This is a reply to # 1,530,120

Re: what is the deal with gold


'm still lost here...I still see zero value in gold other than an antibiotic....forget the cannabis...i'll take brussel sprouts over gold

JAB

1 Gold is very rare so it is hard to get.

2 Gold can be stamped out very thin without breaking and is often used in jewelry because of it's beautiful color and brilliance.

3 Gold is an excellent conductor and will not corrode so it is used in electronic contacts.

4 Gold is always worth something and can always be traded. If the currency fails Gold will be worth even more.

5. The same amount of Gold will buy the same amount of goods it did 50 years ago. What will a $20 bill buy in 50 years?


Having said this. Gold has already more than tripled its value in the last few years. If you invest in gold you could lose a lot of money if it returns to its value of a few years ago.

Gold is like an insurance policy. It is a good idea to put a certain percentage of your accumulated wealth in gold.
 

 
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