Gold as Money

[bdahunter]

The other night my Princess and I were relaxing in the hot tub, having a drink and discussing our day's activities. She was going on about some problems at her work and I was mentioning that I had found gold ring #8 for the week - I stated that we were ahead of the curve for income this week. That's when my darling wife floored me by saying "Well, you can't count the gold as income until you turn it into money". I couldn't believe my ears, gold is and always has been a stable store of wealth, whereas paper money has never lasted, it always fails in the long haul. (check it out yourself - no country, including the USA has managed to avoid a failure of their paper money system)
The discussion got heated for a bit and finally my sweet wife agreed that gold was in fact money, something that she already knew only too well. It is amazing how we are bombarded by the concept of a piece of paper representing wealth instead of something real like gold, silver, etc.

Long term I will continue to keep most of my wealth in the form of gold because Gold Is Money.

 

[Cupajo]

I'm with you on that BDA!

Many years ago I saw someone refuse American money in Austria, but I've never seen anyone refuse gold!!

You're making a fine come-back with your recent finds Friend,

CJ

 

[Micheal_R]

Interesting thought Eric... I too will keep my gold that I have found over the years... In fact, lately, I have been refining golf found in computers...the pins, fingers and all manner of materials in computers are well and heavily plated. And if you know how, you can economically recover it. So yes, gold, in this case, is money.

But if push came to shove, gold has no value.. you cannot eat it, drink it or in fact actually do anything to 'survive' with it. It has value because we , as a people, have decided that it has 'value' If someone were to decide that it has no inherent value, then it would be the same as our paper money. Food and shelter and water are still the only things with real bargaining power in the end.

But I will still continue to recover, refine, detect and generally collect as much as I can. :

calm seas

Micheal

 

[Wayne in BC]

Protection for what you have!

 

[Micheal_R]

n/t

 

[George-CT]

n/t

 

[Wayne in BC]

n/t

 

[Cupajo]