Home › Forums › Financial Markets/Economics › GLD ETF full of fake gold? › sobmaz wrote: “Gold pays no
[quote=sobmaz] “Gold pays no interest”
That is the stupidest thing I have ever heard. Gold does not need to pay interest, it retains its value over time.
A dollar in 1908 will buy you what 50.00 today will buy you. Dollars pay interest only to make up for the erosion of its value.
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I don’t follow gold much. But that bolded sentence is much more absurd than the one you identified as stupid.
