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Thread: Gold as a replacement for large cash and bond savings

  1. #1

    Default Gold as a replacement for large cash and bond savings

    I would like to propose that the people stop looking at gold as just another asset to have some exposure to for "diversity" (I commonly hear keeping 2-10%), and that rather, it become a replacement for your savings in cash and bonds. Of course, keep some of your regions common currency for near term expenses (say 3 months), however the faith that has been placed by supposed financial experts on cash (and related bonds) is misplaced, given it's proven and necessary nature is to keep falling in value over time as trillions more in fiat digits are created. Look to silver and platinum as areas to diversify ones assets in PM bullion. And if you can, even do business directly with financial transactions in gold bullion, to help cement the idea that gold is money -- the king of money -- natural money -- God's money.

    Gold is, has, and will be for the foreseeable the time tested solid core of money. Cash and bonds will just loose value, a fools savings. So now, instead of say 40% in stock, 40% in bonds, 10% in gold, 5% cash, 5% ____ - have 40% stock, 40% gold, 10% silver/platinum, 5% cash, 5% _____. One needs to stick to this plan even when gold is not on a bull run, as it is on the downs when gold is not favored that saving in it can really pay off.
    Last edited by motocat; 07-29-2020 at 11:37 AM.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  2. #2

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    Well said, MC. Its amazing how many folks here just cant wait for the price of PM's to rise so they can trade for paper dollars. PM's are money, also an insurance policy and a hedge against inflation. Buy it, hide it and forget about it.
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  3. #3

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    I look at gold as a permanent hold...not selling any...adding when it looks cheap, silver...meh, platinum...just a asset to later trade for gold, guns also are a hell of a hedge against inflation...over time they never get cheaper in dollar terms. I just stick with no debt, own what I own, if cash goes to sheet I won't be happy as sitting on a fair bit but at the same time I got the gold/lead hedge...I sleep well
    One in a million...GNR ...sums it up nicely

  4. #4

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    Quote Originally Posted by sasksilver View Post
    I look at gold as a permanent hold...not selling any...adding when it looks cheap, silver...meh, platinum...just a asset to later trade for gold, guns also are a hell of a hedge against inflation...over time they never get cheaper in dollar terms. I just stick with no debt, own what I own, if cash goes to sheet I won't be happy as sitting on a fair bit but at the same time I got the gold/lead hedge...I sleep well
    Same here, I buy gold and forget I have it....silver ill sell...prob around 40
    Politicians and diapers must be changed often, and for the same reason. -Mark Twain

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  5. #5
    Join Date
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    Quote Originally Posted by Miteysquirrel View Post
    ...silver ill sell...prob around 40
    Even if the USDx is in the 60's at that time? And dropping
    (Theoretical for you)

  6. #6

    Default

    Quote Originally Posted by GOLDnSILVERchips View Post
    Even if the USDx is in the 60's at that time? And dropping
    (Theoretical for you)
    I wont sell for less than 40....ill sell it to buy more gold.
    Politicians and diapers must be changed often, and for the same reason. -Mark Twain

    The purpose of life is to matter, to be productive, to have it make some difference that you lived at all. -Leo Rosten

  7. #7

    Default

    Quote Originally Posted by motocat View Post
    I would like to propose that the people stop looking at gold as just another asset to have some exposure to for "diversity" (I commonly hear keeping 2-10%), and that rather, it become a replacement for your savings in cash and bonds. Of course, keep some of your regions common currency for near term expenses (say 3 months), however the faith that has been placed by supposed financial experts on cash (and related bonds) is misplaced, given it's proven and necessary nature is to keep falling in value over time as trillions more in fiat digits are created. Look to silver and platinum as areas to diversify ones assets in PM bullion. And if you can, even do business directly with financial transactions in gold bullion, to help cement the idea that gold is money -- the king of money -- natural money -- God's money.

    Gold is, has, and will be for the foreseeable the time tested solid core of money. Cash and bonds will just loose value, a fools savings. So now, instead of say 40% in stock, 40% in bonds, 10% in gold, 5% cash, 5% ____ - have 40% stock, 40% gold, 10% silver/platinum, 5% cash, 5% _____. One needs to stick to this plan even when gold is not on a bull run, as it is on the downs when gold is not favored that saving in it can really pay off.
    The cycle of FIAT > Gold-backed Fiat > Gold never ends. The money forms is just a faith and that can be transform to any states. If everyone are forced and finally kneel to sea shells, all use sea shells as money. Gold has not been a good choice for weak countries and defenceless people as all their Gold can be looted and robbed clean by physical force. Hacker can loot electronics bank and Barbarians can rob your Gold. The safest is fiat which has intrinsic values of zero and when all looted clean and faith drop to zero. Inverse the possessions from "credit" to "debt", the Billionaires are the one which have the most det and never need to pay back and even happy to be "robbed". Do you wish to rob another one "debt"?

    Money is a non physical idea and depends on faith. What is the scientific unit of faith? It is by the number of supporters who use and believe them like a religion.
    Last edited by SnakeEater; 07-29-2020 at 09:47 PM.
    He who knows nothing is closer to the truth than he whose mind is filled with falsehoods and errors. ~ Thomas Jefferson

  8. #8

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    Quote Originally Posted by SnakeEater View Post
    The cycle of FIAT > Gold-backed Fiat > Gold never ends. The money forms is just a faith and that can be transform to any states. If everyone are forced and finally kneel to sea shells, all use sea shells as money. Gold has not been a good choice for weak countries and defenceless people as all their Gold can be looted and robbed clean by physical force. Hacker can loot electronics bank and Barbarians can rob your Gold. The safest is fiat which has intrinsic values of zero and when all looted clean and faith drop to zero. Inverse the possessions from "credit" to "debt", the Billionaires are the one which have the most det and never need to pay back and even happy to be "robbed". Do you wish to rob another one "debt"?

    Money is a non physical idea and depends on faith. What is the scientific unit of faith? It is by the number of supporters who use and believe them like a religion.
    I don't get your logic - fiat is the safest because it has "intrinsic value of zero"? That entirely defeats one of the prime reasons for money - to preserve wealth. While nothing can guarantee that, gold is still the best. For security from theft, it is relatively easy to hide, and not subject to electronic games difficult to understand. With PM's, value is not entirely on faith or culture (and definitely not government decree), it is also due to the metals being desired for various uses in the real physical economy, jewelry and industrial. I also keep diversified with silver and platinum because of what is the high degree of "faith" in gold. No matter, the faith in gold has strong reason, far stronger then with any fiat, so I will use that as core money. Note -- as per my original post, I do know ones local currency, sea shells or whatever, is also important to have, why I allocate 5%.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  9. #9

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    Gold to be a replacement? What. No I prefer to buy my toilet paper with the same equivalent, --- Gold should hold no responsibility in that. nono
    Last edited by Mytal; 07-30-2020 at 02:16 PM.
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  10. #10

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    Quote Originally Posted by Mytal View Post
    Gold to be a replacement? What. No I prefer to buy my toilet paper with the same equivalent, --- Gold should hold no responsibility in that. nono
    Seems like you didn't read my full post. Do you use bonds to buy toilet paper? I also did advocate to keep some local currency, just not in large amounts. Anyone using more than 5% of savings/investment for toilet paper needs has some problems best kept private (and in the potty...)
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

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