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  1. Indifference

    Gold price over $US1600/ounce

    Yes, Gold is NOT technically an asset, but rather a Commodity. As it generates NO income. Yes, Gold is Money. No, cash / currency is NOT Money.... Currency is a medium of exchange. Currency is NOT a store of value as it depreciates & can be debased. This is VERY different to Money...
  2. Indifference

    Gold price over $US1600/ounce

    Firstly, I fully understand your sentiment here. Yeah sure, more $ generally mean you can buy more stuff BUT this is NOT always true. For instance, I have one Quadrillion dollars in cash (yes, that is a real number & yes it is/was real currency).... the problem is that the currency is from...
  3. Indifference

    Gold price over $US1600/ounce

    Ahh, yes, but let's not confuse PRICE with VALUE.... ;) After all, we are talking about ASSETS, not TVs.... :D
  4. Indifference

    Gold price over $US1600/ounce

    Well, that all depends how you define "value".... if you simply compare it to fiat currency spot price, then yeah, it has fluctuated a bit this past week. How about you consider using other markers to define "value" such as units of the DOW or house price to gold ratio etc.... I prefer to...
  5. Indifference

    Gold price over $US1600/ounce

    You always pay higher premiums for smaller size. Right now, I prefer silver, but gold in 1/2 or 1 oz is a preference based on how many $$$ you have and what premium you are willing to stomach. I only ever buy physical bullion.... never that ETF crap or other paper certificates. With PMs...
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