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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Mark Dice tries to sell $1100 one ounce gold coin for $50; no takers
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Poster Handle
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Anonymous Coward |
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Post Content
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And more to the point, cash has value now. No one accepts gold as currency at it's value, if you need food or water or other supplies that gold coin is worthless, especially if TSHTF. This guy has a hard enough time selling it for far below it's actual value, when the dollar becomes worthless this is just another hunk of metal, it won't mean crap.
I kinda laugh at the people hoarding gold, thinking it's gonna save them when times get tough. When those times arrive people will be trading in good, not worthless "precious" metals.
Quoting: Anonymous Coward 25447468 Mike Burry, the 8B dollar man who profited from the collapse of subprime mortgages in the consumer loan market in short positions and long inverse index' most likely, told Bloomberg that he is buying gold and land. Perhaps he is beginning a bank. All I can guess is he is buying paper gold, until it crashes. Like the silver market. When it's 22.54 in 2014 Physical is becoming more "expensive" in dollar terms. I've also noticed that the quality of numismatic coins has fallen but prices are going higher. Modern minted coins still have some premium assigned but are almost always priced on the paper
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