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Social Clubs / Deranged Monkey Criticism


Subject:  Re: Poll: Technical Analysis Date:  5/15/2013  9:13 AM
Author:  OrmontUS Number:  17131 of 26156

Gold is valuable, but it is not money. You cannot efficiently go into a store and buy a loaf of bread with a gold doubloon. It is, however a compact way to store value which is recognized world-wide (while individual currencies can - and occasionally do -implode).

So I keep a moderate (say 1%) amount of my assets in physical gold (and bite the bullet when it comes to storage/security/lost opportunity costs).

There is not even a line item on my asset evaluation spreadsheet indicating its value. Since it is not "for sale" and accrues no income, it's basically a dead item. If, on the other hand, the situation gets so bad that it is REQUIRED to be sold, then it is likely that its value will be astronomical.

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