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Welcome to the fiat monetary system. The current monetary policy is to have your currency lose value every year. If you don't want your savings to lose value, s

by meric 11y ago

Welcome to the fiat monetary system. The current monetary policy is to have your currency lose value every year. If you don't want your savings to lose value, save in something else, e.g. gold, stocks, real estate.

dragontamer 11y ago
> e.g. gold http://i.imgur.com/YFlg1dH.png http://i.imgur.com/YFlg1dH.png Right.... you keep telling yourself that. Overall, yes, keep money in investments. But don't speculate on Gold, its one of the worst performers of all time.
- meric 11y ago
  Gold is doing great in my currency. http://imgur.com/rYEBCQK http://imgur.com/rYEBCQK Also I buy stocks.
  - ojm 11y ago
    Compared to what period? I look at 2011 to now and see a loss or no growth. For an asset that pays no yield. Sounds like a terrible investment. The stock market has raised considerably since then, and likely paid dividends.
- criley2 11y ago
  Gold prices, like many asset prices, are manipulated openly and secretly by major organizations like central banks. When people buy gold, it's not because they think the manipulated price is worthwhile, it's because they believe it is intrinsically mispriced and are betting that there will be a price correction at some point. I mean, can you look at this stock market which has miraculously doubled since 2008, all while the federal reserve has pumped trillions into asset purchasing, and believe our equity and asset markets aren't being heavily influenced by state level actors?
  - dragontamer 11y ago
    If you're worried about the state, then you should be worried about Executive Order 6102, which would equate gold hoarding to prison time. https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102 Holding anything more than 5 oz of gold was illegal between FDR and Nixon. Nah man, Gold ain't worth it. Historically it has been seized by the State, and in "modern times" (after Nixon rescinded EO 6102) it's price has been horribly irregular and subpar other investments. Even lowly Bonds have better long-term investment value.

by meric 11y ago

dragontamer 11y ago

> e.g. gold http://i.imgur.com/YFlg1dH.png http://i.imgur.com/YFlg1dH.png Right.... you keep telling yourself that. Overall, yes, keep money in investments. But don't speculate on Gold, its one of the worst performers of all time.

meric 11y ago
Gold is doing great in my currency. http://imgur.com/rYEBCQK http://imgur.com/rYEBCQK Also I buy stocks.
- ojm 11y ago
  Compared to what period? I look at 2011 to now and see a loss or no growth. For an asset that pays no yield. Sounds like a terrible investment. The stock market has raised considerably since then, and likely paid dividends.
criley2 11y ago
Gold prices, like many asset prices, are manipulated openly and secretly by major organizations like central banks. When people buy gold, it's not because they think the manipulated price is worthwhile, it's because they believe it is intrinsically mispriced and are betting that there will be a price correction at some point. I mean, can you look at this stock market which has miraculously doubled since 2008, all while the federal reserve has pumped trillions into asset purchasing, and believe our equity and asset markets aren't being heavily influenced by state level actors?
- dragontamer 11y ago
  If you're worried about the state, then you should be worried about Executive Order 6102, which would equate gold hoarding to prison time. https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102 Holding anything more than 5 oz of gold was illegal between FDR and Nixon. Nah man, Gold ain't worth it. Historically it has been seized by the State, and in "modern times" (after Nixon rescinded EO 6102) it's price has been horribly irregular and subpar other investments. Even lowly Bonds have better long-term investment value.