That's what I'm asking in the bonds thread. I'd liksomeone to lay it out in detail if they could.
I second that with regard to marc faber, he has been almost spot on throughout, he does tend to talk the same thing over that the dollar is doomed and of the return of gold,
Why will it do that?the dollar dying will drive the stock markets skyward so there is big money to be made people
Why will it do that?
Every investor should have 10-15% of their worth in gold
Put it this way, does a fancy piece of paper in the form of fiat currencies have any real value.
If it is commonly accepted that a fiat currency can collapse, why is it not a possibilty that the concept of gold as something of value would not collapse also?
Genuinely curious.
edit: cross posted with ringledman, good post, thanks
Fiat currencies are not backed up by anything. Gold and silver are rare and therefore deemed to be precious metals. While the value of gold and silver can collapse, it's highly unlikely they will go to zero. Also bare in mind, that gold and silver have industrial value, your computer wouldn't work without gold. History has shown time and time again that all fiat currencies devauled to zero.
Thanks for complimenting my post.
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