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 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.
[–] refugee610 0 points 1 point 1 point (+1|-0) ago
That's why I invested in guns & ammo. If civilization falls I'll be wealthy and well protected.
[–] merton ago
But if civilization doesn't, you will just be stuck with outdated guns and ammos. Poor investments.
[–] CommonSense ago
Well, no. Civilization will never completely collapse as long as we have a bunch of yellow rocks.
And given that nearly all electronic devices would cease to function without gold, I think it's pretty naive to consider it to be little more than a yellow rock.