Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (25856)	5/23/2025 11:42:29 AM
From: Real Man	Read Replies (2) \| Respond to of 26251

Gold reserves are sanctions free, but its role is diminished since no country is now on a gold standard. Like other commodities gold has a negative yield because you have to pay for storage. It’s a small negative yield. In modern times crypto competes with gold since crypto is vastly more convenient to store and use. Gold is, in fact, a relic, used as money for 5000 years and is still money because it is stored as a central bank reserve. However, reserves have been modernized. I don’t expect central bank to go back on precious metals standard. I expect high rates to bring about US recession.