Gold is going to zero

Discussion of the Gold portion of the Permanent Portfolio

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mathjak107
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Gold is going to zero

Post by mathjak107 » Fri Nov 29, 2019 2:34 pm

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
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ochotona
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Re: Gold is going to zero

Post by ochotona » Fri Nov 29, 2019 4:18 pm

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

Post by technovelist » Mon Dec 02, 2019 9:55 pm

It's a lot more likely that the "US Dollar" is going to zero than that gold is.
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Smith1776
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Re: Gold is going to zero

Post by Smith1776 » Tue Dec 31, 2019 2:50 pm

technovelist wrote:
Mon Dec 02, 2019 9:55 pm
It's a lot more likely that the "US Dollar" is going to zero than that gold is.
Have to agree with this one.

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.
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Re: Gold is going to zero

Post by boglerdude » Wed Jan 01, 2020 3:54 am

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

Post by dualstow » Wed Jan 01, 2020 8:16 am

ochotona wrote:
Fri Nov 29, 2019 4:18 pm
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.
Wow. You’re going to have to will all that physical gold to the cat. O0
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ochotona
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Re: Gold is going to zero

Post by ochotona » Wed Jan 01, 2020 10:03 am

dualstow wrote:
Wed Jan 01, 2020 8:16 am
Wow. You’re going to have to will all that physical gold to the cat. O0
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