gold versus alternatives
February 21, 2013 in Preparedness
the other day i watched this video: http://youtu.be/2Pn2PndVIbU.
the top rated comment was: Gold sucks. It’s a scam/bubble. Most of the gold floating around is tungsten anyway. I keep all my savings in Zimbabwe Dollars. All those investing in gold are conspiracy theorists and need to get a life.
i said: how is it a scam? it’s been the only real unmovable currency standard for thousands of years. conspiracy theorists? how about economists?
i got these replies:
Even tally sticks served better than gold for a few hundred years.
Mr. royal (top commenter) is using sarcasm, check-out Zimbabwe Dollars.
Here’s why it is a scam.
They hype you to buy up gold “gold is the future” :”yeah buy gold derp”.
You buy gold, millions of halfwits to –> price goes up. YOU PAY A LOT for your gold and THINK you are safe.
2017 GOLD crashes ( the years is random, but it WILL crash make no mistake about it ).
Price of gold PLUMMETS.
The smart rich guys who have put their money in REAL assets, the ones everyone ALWAYS needs BUY YOUR GOLD for NOTHING.
You now have NO MONEY and NO GOLD left.
so. who is right?
is gold actually NOT the best idea for financial preparedness?
what other things are good ideas for financial preparedness?