GLD ETF full of fake gold?

[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.

An ounce of gold in 1908 will buy about the same amount of goods of services as an ounce of Gold today.

GOld is a STORE of value, not an investment. An investment would be my first choice, not Gold. But…..Gold would be my first choice as a STORE OF VALUE if my second choice was a u.s. dollar.

Think about it….would you want to STORE your money in money that can be printed by the billions daily or in an ounce of Gold that takes a lot of resources to create?

Being that the u.s. has promised mountains of dollars to everyone and is already in debt, my first choice is my wealth in an investment that will weather the economic meltdown. On the other hand, any uninvested cash I have I would much rather store in gold than in dollars.

[SK in CV]

[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.

[/quote]

I don’t follow gold much. But that bolded sentence is much more absurd than the one you identified as stupid.

[SK in CV]

[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.

[/quote]

I don’t follow gold much. But that bolded sentence is much more absurd than the one you identified as stupid.

[SK in CV]

[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.

[/quote]

I don’t follow gold much. But that bolded sentence is much more absurd than the one you identified as stupid.

[SK in CV]

[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.

[/quote]

I don’t follow gold much. But that bolded sentence is much more absurd than the one you identified as stupid.

[SK in CV]

[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.

[/quote]

I don’t follow gold much. But that bolded sentence is much more absurd than the one you identified as stupid.

[patb]

[quote=peterb]Gold is tangible and has a long history as money and a store of value becuase it is very durable and not easy to find. Most commodities are consumables, gold isnt really consumed. Gold is an insurance policy against fiat unstability, fraud and govt’s bad behavior.
Central banks and the IMF hold quite a bit of it. Why? Granted their not the best indictor of intellegence, but they do have a lot of power in this world. And they tend to control the quantity of “money” in the world.[/quote]

until you find gold.

the spanish found aztec gold and went bankrupt…

[patb]

[quote=peterb]Gold is tangible and has a long history as money and a store of value becuase it is very durable and not easy to find. Most commodities are consumables, gold isnt really consumed. Gold is an insurance policy against fiat unstability, fraud and govt’s bad behavior.
Central banks and the IMF hold quite a bit of it. Why? Granted their not the best indictor of intellegence, but they do have a lot of power in this world. And they tend to control the quantity of “money” in the world.[/quote]

until you find gold.

the spanish found aztec gold and went bankrupt…

[patb]

[quote=peterb]Gold is tangible and has a long history as money and a store of value becuase it is very durable and not easy to find. Most commodities are consumables, gold isnt really consumed. Gold is an insurance policy against fiat unstability, fraud and govt’s bad behavior.
Central banks and the IMF hold quite a bit of it. Why? Granted their not the best indictor of intellegence, but they do have a lot of power in this world. And they tend to control the quantity of “money” in the world.[/quote]

until you find gold.

the spanish found aztec gold and went bankrupt…

[patb]

[quote=peterb]Gold is tangible and has a long history as money and a store of value becuase it is very durable and not easy to find. Most commodities are consumables, gold isnt really consumed. Gold is an insurance policy against fiat unstability, fraud and govt’s bad behavior.
Central banks and the IMF hold quite a bit of it. Why? Granted their not the best indictor of intellegence, but they do have a lot of power in this world. And they tend to control the quantity of “money” in the world.[/quote]

until you find gold.

the spanish found aztec gold and went bankrupt…

[patb]

[quote=peterb]Gold is tangible and has a long history as money and a store of value becuase it is very durable and not easy to find. Most commodities are consumables, gold isnt really consumed. Gold is an insurance policy against fiat unstability, fraud and govt’s bad behavior.
Central banks and the IMF hold quite a bit of it. Why? Granted their not the best indictor of intellegence, but they do have a lot of power in this world. And they tend to control the quantity of “money” in the world.[/quote]

until you find gold.

the spanish found aztec gold and went bankrupt…

[Anonymous]

Spain made the mistake of confusing bullion with wealth.

Holland on the other hand, realized that trade and manufacturing were the twin routes to wealth. And staying out of war was the way to keep it.

So much so that they were able to buy their freedom from Spain and we all know the trajectory since.

[Anonymous]

Spain made the mistake of confusing bullion with wealth.

Holland on the other hand, realized that trade and manufacturing were the twin routes to wealth. And staying out of war was the way to keep it.

So much so that they were able to buy their freedom from Spain and we all know the trajectory since.

[Anonymous]

Spain made the mistake of confusing bullion with wealth.

Holland on the other hand, realized that trade and manufacturing were the twin routes to wealth. And staying out of war was the way to keep it.

So much so that they were able to buy their freedom from Spain and we all know the trajectory since.

[Anonymous]

Spain made the mistake of confusing bullion with wealth.

Holland on the other hand, realized that trade and manufacturing were the twin routes to wealth. And staying out of war was the way to keep it.

So much so that they were able to buy their freedom from Spain and we all know the trajectory since.

[Author]

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