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Gold is money. You’re effectively saying “the people shouldn’t have access to savings or retirements, as we know better than them.” The larger issue at hand i
by whb07 4y ago
Gold is money. You’re effectively saying “the people shouldn’t have access to savings or retirements, as we know better than them.”
The larger issue at hand is that some people believe they are better and smarter than others and therefore, they ought to have more control and say than the ignorant public.
I on the other hand do not know, nor presume to know, what is better or worse for anyone but myself.
- vel0city 4y agoI'm not saying "the people shouldn’t have access to savings or retirements", I'm just saying that savings and retirements locked up in paper currency under a mattress or precious metals in a hole in the ground doesn't really do much for society as a whole and is negatively productive overall. Money shouldn't be what's valued, investments should be what's valued. Like I said, I'm not a fan of EO 6102 so I'm not necessarily one here arguing the government knows better than everyone else what to do with your wealth. I'm just arguing its not great for society if everyone just digs their own hole to store their acorns indefinitely. Its better for us to actually use our wealth instead of hoarding it away in negatively productive places. I have a good bit of savings and retirements. Very little of it is in "money". Most if it is in some kind of productive asset actively building wealth not just in my investment but with the rest of society overall. If your retirement is based around holding a lot of paper (money) in a box under your mattress you're gonna have a bad time.