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SPDR Gold Shares Message Board

  • cde_biscuit cde_biscuit Jul 28, 2010 11:02 AM Flag

    I believe hard money should represent 20% of all money

    so that when credit money collapses as it always does, society does not collapse.

    Unfortunately hard money represents less than 1% of all money.

    The bankers greed has literally put the human race at risk.

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    • "Hard Money"

      Gold is not "hard money". Gold is an element which forms a yellowish colored shiny mineral.

      Gold is not money, but merely a commodity. As such it is no different than corn, oil, or fresh concentrated orange juice.

      At present gold is traded at roughly twice the price its fundamentals support which is its manufactu ring costs...H istory dictates it will return to the fundamental price. That could occur in the near future.

 
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