Archived The Washington Post says: Gold is doomed (washingtonpost.com)
submitted ago by Allrightsreserved
Posted by: Allrightsreserved
Posting time: 5.4 years ago on
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Archived on: 2/12/2017 1:51:00 AM
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22 upvotes, 3 downvotes (88% upvoted it)
Archived The Washington Post says: Gold is doomed (washingtonpost.com)
submitted ago by Allrightsreserved
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[–] didntsayeeeee 1 point 0 points 1 point (+1|-1) ago
I dunno, if you want the gold price to fall, the thing to do is to not talk about gold for a while.
Writing an article like this just brings all the goldbugs out of hiding to argue about how wrong it is.
Personally I don't care either way, I don't own any gold, and I think I shall continue to not own any gold so I can have the luxury of not caring about the gold price.
[–] CommonSense 0 points 8 points 8 points (+8|-0) ago
Instead, you get the luxury of watching your un-backed, paper dollars gradually lose purchasing power.
[–] didntsayeeeee 0 points 1 point 1 point (+1|-0) ago
Good thing I have most of my net worth in actual things like real estate, iron ore mines, pharmaceutical companies, supermarket chains, grain processing plants, et cetera. Plus they actually produce an income.
Sure, if civilisation collapses I'm screwed. But so is the dude whose net worth is in a bunch of yellow rocks.