Re: What to do with gold? -
08-22-2014, 04:21 AM
I was hoping this was a thread on how great of an investment gold is.
In this white line nightmare of unending economic upheaval, gold is never going to lose its value over the long term. And when paper money is revealed to be the worthless scrap it is, we are all going to want to have tiny amounts of shiny metal. Well, not the actual shiny metal, but futures purchased on fractional reserves of it.
It's fail safe, in this investor's opinion.
Zeke, you should sell fractional ownership of that gold bar. Like something that says we own a piece of it. A sort of promissory note that can be traded for other goods and services and it would be backed by the gold itself. Well, you would probably oversell it by a little bit, so not everyone could turn in their gold at once.
I know, we could put your picture on these promissory notes! You could sell them in denominations, depending on how much of the gold people buy. We could use a different photo of you for each of them.
That picture of you in Australia would look pretty good on the biggest denomination.
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