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by kls
2141 days ago
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Society has collapsed several times throughout the millenniums of human existence and gold has been one of the few constant sources of wealth store and retention that has resurfaced with each new incarnation of society. Given this truth, it is a pretty good indicator that it will resurface after/when the next collapse comes. We know gold was used a exchange and storage of value since the dawn of recorded human history and probably was for sometime before humans started recording history and it is still used now, which could be argued that it is of least use to modern society yet it has endured. Simply put gold while maybe not the greatest investment, is one of the most stable sources of wealth. If I have a million dollars today and I want the equivalent of a million dollars in 100 years, gold is one of the best stores of that value. That does not mean I will get a return on my money (i.e my money working for me) but it means I have reasonable faith that I will at least get out close to what I put in and that is what gold has been traditionally good for. I heard it said one that in the 1800's an ounce of gold would buy a man a finely tailored suit. Today and ounce of gold will buy a man a finely tailored suit and that is really the point of gold, it is not an investment, it is a fairly secure long term storage of wealth. |
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