It was only a few days a agency brokerage from us called me offering me "enrichment" if I agreed to invest in … gold.
Gold is, in their view, the ultimate refuge, the currency that you WARRANT perpetuation of a higher standard of living, or even maintaining a certain limited survivability in all conditions.
I've always said and wrote that gold is just a bluff corporate a cheap bad thing from the same category to invest in sub-prime and those guaranteed 100% AAA …
How AAA are actually seen in 2008, but returning to gold, this is just a speculative way of making money, not recommended for those who do not know, but generally speaking gold is it worth about as much as dollars or euros , that has no value by itself, but only has psychological value on supply and demand and the stupidity of … smart analysts. Gold is really just another currency that has value only as long as the monetary and banking system stand.
As there is inflation in any currency, also gold can have inflation and lets give you an example. The price of a product is generated by its scarcity, the balance between supply and demand, only depends on the product. If you let a good citizen in full desert with ten pounds of gold, after less than 24 hours you will find that whatever stock exchange, our good citizen will be more than willing to buy a liter of water with 10 kg gold.
What I want to emphasize is that the true values for the country and economy are some things that God has given them for free, as everything really good and worth in this world: good soil for agriculture, drinking water and irrigation materials. How is it worth gold in relation to black chernozem, with water from a river, with iron, bauxite, with rare minerals, with a handful of antibiotics? NOTHING .
You can not eat gold, you can not drink, you can not turn into tractors, aircraft, vehicles, even as dollars or euros can not turn into anything else. In the event of a major economic crisis, in which the entire social and economic infrastructure would collapse, the value of gold would be equal to the value of any other so-called strong currencies, is equal to zero, because the "value" of gold is really just a Convention more than one human and natural.
By natural means the need to value human life of that product / resource and that can not be substituted with something else, or gold has obviously irrelevant to the life of a person other than the mutually agreed, as any currency national.
The future will not belong to the person who has the gold – as he never belonged to – but the man who owns natural resources and knowledge / technology on which they can feed the population, can dress, with which can to sustain the industry.
You can not burn gold in boilers of power plants, you can not turn into bread or milk, so investing in gold, the last and most trusted insurance policy disaster is stupid. The price of gold is given by the stupidity of the masses and the rarity of this metal, but economically, silver is much more important, its industrial and medicinal applications than sinner yellow metal.
But I see that some people still hold good a one and loud invest in gold – we guarantee success even in the afterlife !? Well catastrophe would prefer a small house in the mountains, a few goats and sheep, a source of clean water and a few acres of arable land, only 50 kliograme gold and a villa in downtown.
As economically speaking, gold is also subject to inflation, as any other currency. On the one hand automatically generates administered prices inflation and generates the bad agricultural year increases in food prices and inflation in general if you have money and gold. Advice to invest in gold has the same value as advice to buy Swiss francs, but in the case of general misunderstanding (eg droughts global) value of these two currencies, considered strengths, will disappears in a few days.
Who does not think to read reviews about the sieges of cities (Leningrad being the case recently resembled ) and there you will notice that a pound of flour was considered more valuable than gold one, after a while of course necessary for people to remember about the really important things in life.
So do not invest in gold, as I do not recommend you to invest in the stock market generally, unless you're good at these little scams really legal.
Keep the money that you have in the bank or buy agricultural land, even real estate, for now prices are extremely low and even if not to much to buying an apartment, you will still always have available even a house, but advice my buying farmland, woods and lakes, because in 10-20 years the demand for land and clean water may be related more with survival and less profit.
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