Message From Anonymous

[Ualaa]

Historically, gold has not been much of an investment.
It has been a phenomenal hedge against inflation.

An ounce of gold buys as many loafs of bread today, as it did in biblical times.

[Starbuck_Jones]

Historically, gold has not been much of an investment.
It has been a phenomenal hedge against inflation.

An ounce of gold buys as many loafs of bread today, as it did in biblical times.

You can't eat gold.

[Umbaalo]

You can't eat gold.

Very true, but there are plenty of self conscious schmucks that are so hung up on image or status that are willing to go to great lengths to trade reasonable amounts of any good for it. But in the end, it is still like the dollar in that it's only worth what the buyer thinks it is worth. Then again, gold can be used in industry or jewelcrafting... Paper money when it boils down to it's material value is kindling for a fire.

/psychobabble off (time for bed, lol)

[Ualaa]

You can't eat gold.

I never said to eat the gold.
Just that it has had about the same amount of purchasing power over history.

You wouldn't have eaten the gold in biblical times.
And you won't be eating the gold in modern times.
However, in either time (or virtually and date in between), you could purchase close to the same amount of bread.
So while a countries currency might go up or down, gold retains its relative value.