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Bewarse Legend
Username: Kalki
Post Number: 28169
Registered: 04-2005
Posted From: 64.236.243.16
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, May 27, 2010 - 11:41 am: |
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Gold is volatile. It's hard to value. It generates no income.
Yes, it's a "hard asset," but so are lots of other things—like land, bags of rice, even bottled water.
It's a currency "substitute," but it's useless. In prison, at least, they use cigarettes: If all else fails, they can smoke them. Imagine a bunch of health nuts in a nonsmoking "facility" still trying to settle their debts with cigarettes. That's gold. It doesn't make sense.
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