RE: Gold10 Sep 2019 15:14
everyone will suffer including myself
gold can only go up if inflation is going up
so if you bought gold - it will protect your purchase power
but that depends on how much gold you have bought
so if my salary is 50K a year
I should buy at least 100K worth of gold to save guard myself for 2 years
where will I get 100K ?
people have bought 10K worth of gold
if gold shoots up 50%
that gives you 15K
can you live a life on 15K ?
How many people are sitting with that much cash to dive in to gold ?
Whilst gold shooting 50% would mean
That your country, social services, petrol, eletricity, gas, food and the rest will soar high in price. Unemployment would kick in. Our loves ones, friends and ourselves can lose employment or means of earnings
so how far that gold will take anyone in life is no brainer
unless someone is already wealthy
in which case gold or no gold, it makes no difference