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I was on a personal Zoom call with some friends in NY who all work in finance, and one of the guys was going on about buying gold and how in 1 years' time merchants will only accept gold bars for goods. This coming from the ETF VIX bought on margin crew. It really is clown world out here

gold 2700 today was 2200 just a hot second ago that's 23%. The real question is, is that gain a reflection of the purchasing power of the AUD or a function of lower confidence in markets/government?

I'm mostly in gold with small allocations in silver, AUD and USD. I see gold as similar to cash but without inflation which will be pretty high in 2020. But would be interested to know what others are thinking.

Nice work. Both fascism and communism have the above characteristics. Name me one socialist who wasn't also a fascist as per the above definition. Also don't forget that fascism almost won a World War while communism starved 120+ million Russians, Chinese, Cambodians and Cubans and led to the...

d Doesn't really matter. It's not like the government is going to divide its gold stores among its population. Those gold stores will only ever help the elites.

To be fair, she said no depositor has lost any money held in an FDIC-bakced count since '33 when the FDIC was founded. They mightn't have lost a penny from the account, but they've lost 97% of their purchasing power.

I would go the gold for a number of reasons: 1. EUR sitting in a bank will depreciate whether or not there are imminent QE/liquidity that erodes their purchasing power. 2. Gold is the most liquid asset in the world, takes 5 mins to buy and you can always get spot for it when you sell. 3. Your...