Hard metals are only valuable while dollars have value. The only reason most people want "precious" metals is based on its "dollar" value. I will not trade food for gold. I will not trade tools for gold. It will have no value along with everything else when the dollar collapses. Steel, titanium, and tungsten on the other hand would still be very valuable.
You’re right, dollars existed for thousands of years while hard metals only were invented recently. That’s why when the dollar was cut loose from gold in the 1970s, gold values dropped like a rock while the dollar became stronger.
You would have been better holding dollars to gold the last ten years.
You take that $1800 in cash from 2010 and I’ll take an ounce of gold. We’ll see who’s ahead in 2030.
Market manipulations exist in this fucked economy, which is why you can see all other commodities have increased over 20% in value as they’ve suppressed gold. However, when the bottom eventually falls out of this fraudulent currency shell game, and it always does, a hard metal will always remain when the fiat currency arrives ever closer to its true value (hint: the true value of the dollar is effectively nothing).
(post is archived)