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Will gold ever be profitable again?
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<p>[QUOTE="medoraman, post: 1446071, member: 26302"]Yes, demonstrably so. </p><p><br /></p><p>Gold never changes in value ONLY if you subscribe to the premise that only gold is money, and everything else is valued in it. Whatever is 'money", and is the pricing agent, never changes value. Everything else always will change versus that item, (whatever it is). </p><p><br /></p><p>I myself do not subscribe to this notion. I am pragmatic, and accept that whatever I get paid in, can go into a store and buy what I want with, even what I can walk into a coin show any buy gold with, is "money". Everything else is simply items I buy with "money". How many times has someone walked into a grocery store and paid with a 1/10th ounce AGE?</p><p><br /></p><p>Now, is USD a good thing to invest in? Heck no. If you wish, exchange them for gold as you please, but I simply do not believe anything other than USD are money in the US.</p><p><br /></p><p>Btw, if anyone wishes to argue that gold is money, please go to the store any buy something with it. Yes, eventually they may accept it if they check it out and prove the gold is worth more than the USD bill, but this is barter, not money. Money is what your bill is priced in, what is accepted without question as to amount. Money is primarily the medium of exchange, and in the US nothing is that except for the USD. Again, the beauty of this system is that you can use USD to buy all of the PM that you want, (or groceries, or rent, or gas, you know, the little things).[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1446071, member: 26302"]Yes, demonstrably so. Gold never changes in value ONLY if you subscribe to the premise that only gold is money, and everything else is valued in it. Whatever is 'money", and is the pricing agent, never changes value. Everything else always will change versus that item, (whatever it is). I myself do not subscribe to this notion. I am pragmatic, and accept that whatever I get paid in, can go into a store and buy what I want with, even what I can walk into a coin show any buy gold with, is "money". Everything else is simply items I buy with "money". How many times has someone walked into a grocery store and paid with a 1/10th ounce AGE? Now, is USD a good thing to invest in? Heck no. If you wish, exchange them for gold as you please, but I simply do not believe anything other than USD are money in the US. Btw, if anyone wishes to argue that gold is money, please go to the store any buy something with it. Yes, eventually they may accept it if they check it out and prove the gold is worth more than the USD bill, but this is barter, not money. Money is what your bill is priced in, what is accepted without question as to amount. Money is primarily the medium of exchange, and in the US nothing is that except for the USD. Again, the beauty of this system is that you can use USD to buy all of the PM that you want, (or groceries, or rent, or gas, you know, the little things).[/QUOTE]
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