Posts: 23,138
   
Threads: 6,644
    
Likes Received: 4,202 in 3,297 posts
Likes Given: 505
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
Posts: 8,877
   
Threads: 0
    
Likes Received: 2,774 in 2,415 posts
Likes Given: 510
the highest the better for my gold bar collections.
Posts: 5,534
   
Threads: 35
    
Likes Received: 1,949 in 1,498 posts
Likes Given: 394
Technically gold is underpriced because against inflation, gold has actually devalued all these years... Lol
While WB is not wrong to say that gold is too stable and not good enough to beat inflation, gold has actually gained a lot more industrial uses than just wealth accumulation or luxury item.
As with all commodities, the population growth and consumption should naturally inflate commodity prices in a sensible fashion.
Posts: 23,138
   
Threads: 6,644
    
Likes Received: 4,202 in 3,297 posts
Likes Given: 505
(04-04-2023, 11:13 PM)Sticw Wrote: Technically gold is underpriced because against inflation, gold has actually devalued all these years... Lol
While WB is not wrong to say that gold is too stable and not good enough to beat inflation, gold has actually gained a lot more industrial uses than just wealth accumulation or luxury item.
As with all commodities, the population growth and consumption should naturally inflate commodity prices in a sensible fashion.
Gold beats paper currencies. That's the idea.
Long term stocks beat gold by a big margin but next few months or years people bet different
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
Posts: 8,877
   
Threads: 0
    
Likes Received: 2,774 in 2,415 posts
Likes Given: 510
go go go.
the higher the better.