Donald Lehman
Well-known Member
Didn't want to hijack the thread below about gold and silver investments.
Isn't the value of gold and silver constant? If you buy gold for $600 and ounce and sell it for $1,000 per ounce doesn't that simply mean that your paper dollars are worth 40% less? I know our currency hasn't been on the gold standard for many years, but doesn't the value of the currency change, rather than the value of gold? I mean an ounce of gold is an ounce of gold no matter how big a hand full of paper it takes to but it, right? You don't buy gold and silver as an investment, you buy it as insurance, correct?
Isn't the value of gold and silver constant? If you buy gold for $600 and ounce and sell it for $1,000 per ounce doesn't that simply mean that your paper dollars are worth 40% less? I know our currency hasn't been on the gold standard for many years, but doesn't the value of the currency change, rather than the value of gold? I mean an ounce of gold is an ounce of gold no matter how big a hand full of paper it takes to but it, right? You don't buy gold and silver as an investment, you buy it as insurance, correct?