Gold Prices To Soften

girl: so gold isn't rising in terms of rupees?
guy: it was actually near record highs, but that is because the rupee is crumbling not so much cos gold was doing well.
sooooooo, when fiat becomes worth less, gold becomes worth more.. but it's not actually becoming worth more its just becoming worth more compared to money?
wait up... doesn't that mean it's becoming worth more? hmmmmmm am i missing something?
 
yea i get that... but say if you keep your money in what ever currency is collapsing, and you loose your purchasing power... an ounce of gold will probably always buy roughly the same amount of X... but if the fiat cost of X goes up, that's the money in your wallet becomes worth less. and if the price of gold up when the value of money goes down... i guess yes, it stops you loosing anything..
well.. yea i guess it might not be WORTH more... but it sure is WORTH having. :P
 
You must log in or register to reply here.
Back
Top