Gold is the ultimate protection against the Great Financial Catastrophe

[admin]

KWN – August 24, 2015

 

Gold is the ultimate protection against the Great Financial Catastrophe

by Egon von Greyerz

What is currently happening in markets should be no surprise to investors who understand sound money and have been following our risk warnings in the last few years.

The world has been living in cloud cuckoo land for so long … Read the rest



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[colinsin]

Keeping some physical gold can be considered a sort of insurance, against a Great Catastrophe that may or may not come in our lifetime. But bear in mind that gold does not produce any cash flow. So it is unlikely and investment. IMO.

[GoldScaraB]

So what's the 3 rules of Warren Buffett?

[Phantom]

Originally Posted by colinsin

Keeping some physical gold can be considered a sort of insurance, against a Great Catastrophe that may or may not come in our lifetime. But bear in mind that gold does not produce any cash flow. So it is unlikely and investment. IMO.

Just sharing a thought… Gold and silver is money.

gold and silver sitting in the safe= money sitting in the safe = uninvested money

Uninvested money do not give any return.

Profiting by buying and selling based on price fluctuations is called speculating, not investing.

[blingy83]

Gold, Silver n PM act as a hedge against volatile FIAT paper money, which you can see in Asia is veryevident for some countries whose currencies are devaluating vs the USD - China, Malaysia, Thailand, Indo, Singapore, etc.

PM is a form of currency as their value are inversely proportionate to the currency you are hedging against. SGD100 now will be worth less over time due to currency changes (if downwards) and inflation. PMs act as a better store by being converable to any other currency with minimal FX losses and has minimal impact from inflation, infact inflation will boost its value.

[daniel6886]

Reference article point no. 6, what do Egon meant referring Singapore not a full democracy country. Haha.