caregiverken
Fear Not!
Supporter
- 11,535
- 438
I agree with 420
Very good answer..well put.
and IMO exactly correct...
Its not greedy to want to presurve some wealth.(if you have some)
Or just put some Real money away for a rainey day...or collage fund.
Look at that chart I posted....
if you bought 10 oz of gold( $3000) for Johnny's college fund back in the year 2000...(when the chart starts)
Right now, Johnny would have 10 ozs of gold worth about $17,000
Im guessing if you put 3000 in the bank 12 years ago...you might have 5k ?
Half the reason they got ride of the gold standard was countrys would take american dollars for payment from other countrys, Then come to us and demand gold for the papper they had, They would have drained fort knox if we didnt get rid of the gold standard.
Gold and silver have been the best investment you can make, And i always look at from the point of view that the price of gold and silver are not going up. The papper money you have is going down in value, so dont sit on papper.
As far as cash for gold being used to sieze gold is not true, all that gold goes to refiners who melt it down and reslae it back to the public, If anything the goverment releases gold and silver threw coins like american gold eagles. More people or opening there eyes to the value of gold, and im willing to bet that the amount of gold held by the public is increasing everyday, not going down.
Very good answer..well put.
and IMO exactly correct...
Its not greedy to want to presurve some wealth.(if you have some)
Or just put some Real money away for a rainey day...or collage fund.
Look at that chart I posted....
if you bought 10 oz of gold( $3000) for Johnny's college fund back in the year 2000...(when the chart starts)
Right now, Johnny would have 10 ozs of gold worth about $17,000
Im guessing if you put 3000 in the bank 12 years ago...you might have 5k ?