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<p>[QUOTE="calcol, post: 7401232, member: 77639"]The main reasons people buy gold as a metal (i.e. without significant numismatic, artistic or historical significance) are:</p><p><br /></p><p>1. they think it will appreciate in value relative to inflation.</p><p><br /></p><p>2. they think it will keep its value relative to inflation.</p><p><br /></p><p>3. they’re subject to persuasion by friends, relatives, salespeople, ads, social media, etc.</p><p><br /></p><p>4. it will be useful if there is some kind of apocalypse, financial or worse.</p><p><br /></p><p><br /></p><p>1. is false and 2. is true over the long run. The simplest way to beat inflation in the long run is investing in a collection of equities.</p><p><br /></p><p>3. is unfortunately often the case.</p><p><br /></p><p>4. is maybe true. Gold’s usefulness depends on the likelihood of an apocalypse and the type and severity of the apocalypse. If it’s primarily a financial meltdown, large chunks of easily authenticated gold may be useful. However, in a severe societal disruption, you don’t want to be trying to buy your daily bread with gold bars. Silver Roosevelt dimes would be more useful.</p><p><br /></p><p>One good reason to buy gold in the form of common date, worn local coins is that more folks will accept their authenticity based on their eyes, a scale and a ruler. Lately, supposedly pure gold bars have been found with tungsten centers. Tungsten has the same density as gold but is a lot cheaper.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 7401232, member: 77639"]The main reasons people buy gold as a metal (i.e. without significant numismatic, artistic or historical significance) are: 1. they think it will appreciate in value relative to inflation. 2. they think it will keep its value relative to inflation. 3. they’re subject to persuasion by friends, relatives, salespeople, ads, social media, etc. 4. it will be useful if there is some kind of apocalypse, financial or worse. 1. is false and 2. is true over the long run. The simplest way to beat inflation in the long run is investing in a collection of equities. 3. is unfortunately often the case. 4. is maybe true. Gold’s usefulness depends on the likelihood of an apocalypse and the type and severity of the apocalypse. If it’s primarily a financial meltdown, large chunks of easily authenticated gold may be useful. However, in a severe societal disruption, you don’t want to be trying to buy your daily bread with gold bars. Silver Roosevelt dimes would be more useful. One good reason to buy gold in the form of common date, worn local coins is that more folks will accept their authenticity based on their eyes, a scale and a ruler. Lately, supposedly pure gold bars have been found with tungsten centers. Tungsten has the same density as gold but is a lot cheaper. Cal[/QUOTE]
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