There is no shortage of predictions out there about where gold is headed ....but I have to admit ,this one is so far out there it is actually interesting .
https://finance.yahoo.com/news/why-gold ... 10213.html
Gold is going to zero
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mathjak107
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Re: Gold is going to zero
This made me laugh. It's just generational prejudice. They want everything on their phone... they don't want gold, silver, paper money. This is my daughter. She just got married, didn't choose a silver pattern, had a lot of cash gifts, then asked my to take the paper and Zelle the funds to her so that she could push it into her online bank. It's as damaging as any prejudice is.
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technovelist
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Re: Gold is going to zero
It's a lot more likely that the "US Dollar" is going to zero than that gold is.
Re: Gold is going to zero
Have to agree with this one.technovelist wrote: ↑Mon Dec 02, 2019 9:55 pmIt's a lot more likely that the "US Dollar" is going to zero than that gold is.
Gold is so old and proven as a monetary asset it's got mention in the Bible. It's retained its value for centuries. The U.S. Dollar on the other hand.
eiπ + 1 = 0
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VVL is Ben Graham in a box.
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boglerdude
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Re: Gold is going to zero
It was never the only money tho. When it got too expensive people traded spices, other metals, etc. There are more currencies than ever now
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dualstow
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Re: Gold is going to zero
Wow. You’re going to have to will all that physical gold to the cat.ochotona wrote: ↑Fri Nov 29, 2019 4:18 pmThis made me laugh. It's just generational prejudice. They want everything on their phone... they don't want gold, silver, paper money. This is my daughter. She just got married, didn't choose a silver pattern, had a lot of cash gifts, then asked my to take the paper and Zelle the funds to her so that she could push it into her online bank. It's as damaging as any prejudice is.
You may have some 30-year treasury interest as of Saturday. Vanguard’s transaction history is finally showing it, too.