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The push for a cashless society and negative interest rates doesn't paint a good picture about the future of our financial system. It's nearing its well deserve
by yAnonymous 11y ago
The push for a cashless society and negative interest rates doesn't paint a good picture about the future of our financial system. It's nearing its well deserved end.
The bubble is about to burst and they're trying to release pressure to make it last a bit longer.
- narrator 11y agoThe funny thing about negative interest rates is it is one of the few good reasons to buy physical gold, especially with the elimination of large denomination euro notes.
- iolothebard 11y agoGold is just another fiat currency, plus at a high value it's even more worthless as a currency since you'd need such minuscule amounts to trade for goods/services.
- narrator 11y ago"Gold is just another fiat currency". Did you come up with that or did you read it somewhere? If you read it somewhere, I'd love to read that article.
- iolothebard 11y agoAll you have to do is think about it's actual uses. I have degrees in finance and economics. All gold is IMO is a hedge against inflation by tying your monetary policy to the rate at which you can dig some shit out of the ground. Not remotely sane IMO. It would be like basing the value of the dollar on corn. At least corn would have some real value though (fuel, food, etc.).
- imtringued 11y agoSilver is pretty cheap at about $0.50 per gram and the best part? It looks cooler to have a bag full with silver coins than a few gold coins!