hello cb and all, it may not be correct to think of gold as an investment and i cannot say i have ever thought it so
i had at various times referred to gold as the Reset Button, and other times, Money. I do not remember ever saying any variation of "I invested in gold"
gold is really only useful as an insurance and as a discipline
insurance: self explanatory. when times go dire, as just before carthage got wiped clean, rome got reset, thailand retrogressed, argentina paused, zimbabwe puffed up, russia got memory wiped, and now, usd space definitely ruled by a private cabal of bankers by way of a misleadingly named federal reserve headed by folks who, surprisingly and proudly, confess to perpetration of a monetary fraud using, out of folly and ignorance, a supposedly secret printing press, gold is good
discipline: as some do not think of primary residence as an investment, but as consumption, others believe that savings is very much a different act than investment which at times may turn out to be a speculation, and so it is that i believe petrobank energy is an investment, a rental property same, but cash, and government bonds, and gold disks are savings - each of a different character, and as gold has no counterparty, difficult to get to by all including self, troublesome to leverage, almost impossible to wager, and so it is good
as we stand at inflection point when one sovereign is about to forfeit its status and no one is as yet ready to maintain universal order, in other words a dark interregnum will soon be, gold without counterparty becomes the two monetary parachutes on a doomed plane with two hundred passengers
iow, gold is the metallic ticket to opt out of a deep monetary cleansing, for gold through the ages had allowed many of its owners to sidestep revolutions of all kinds
paper never made it across any dark interregnum
as to education, yes, it is an investment, if in the correct subject, also a consumption, if frivolous, but savings it definitely is not
at times one does not have to take a lot of risk to 'get rich', as you put it; one merely has to be astute and agile and not dogmatic, and not deliberately cooperate with a fraud when oneself is the sorry mark |
