Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold new price & Dollar's weaknesses!!
>
Reply to Thread
Message:
<p>[QUOTE="coleguy, post: 706060, member: 9167"]Ok, this brings up whats probably a dumb question, but one I don't know the answer to. If stability in inflation is unobtainable and will continue forever, which seems to be an agreed upon scenario, then what good is it to trade currency for metals to hedge against the inflation, when inflation has also always redefined the value of currency throughout history? In other words, yes, things cost more, but in turn we make more, like in the neverending cycle pointed out. So in reality, money never really loses ground. If it did, we'd still be earning 32 cents a day. So, while gold may be a decent temporary hedge against weak currencies, doesn't it stand to reason that those currencies will, as they have since there's been inflation, catch up and stabilize again? Recessions are nothing new. If everyone that hoarded assets during each one gained what many here think they'll gain by investing in gold, there'd be 50 times the millionaires there are today. This reminds me of all the people who spent their life savings on generators and stockpiles of food for when the world returned to the stone ages after Y2K.</p><p>Guy~[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 706060, member: 9167"]Ok, this brings up whats probably a dumb question, but one I don't know the answer to. If stability in inflation is unobtainable and will continue forever, which seems to be an agreed upon scenario, then what good is it to trade currency for metals to hedge against the inflation, when inflation has also always redefined the value of currency throughout history? In other words, yes, things cost more, but in turn we make more, like in the neverending cycle pointed out. So in reality, money never really loses ground. If it did, we'd still be earning 32 cents a day. So, while gold may be a decent temporary hedge against weak currencies, doesn't it stand to reason that those currencies will, as they have since there's been inflation, catch up and stabilize again? Recessions are nothing new. If everyone that hoarded assets during each one gained what many here think they'll gain by investing in gold, there'd be 50 times the millionaires there are today. This reminds me of all the people who spent their life savings on generators and stockpiles of food for when the world returned to the stone ages after Y2K. Guy~[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold new price & Dollar's weaknesses!!
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...