Posted by Donald Lehman on December 11, 2018 at 12:14:17 from (74.78.242.235):
Didn't want to hijack the thread below about gold and silver investments.
Isn't the value of gold and silver constant? If you buy gold for $600 and ounce and sell it for $1,000 per ounce doesn't that simply mean that your paper dollars are worth 40% less? I know our currency hasn't been on the gold standard for many years, but doesn't the value of the currency change, rather than the value of gold? I mean an ounce of gold is an ounce of gold no matter how big a hand full of paper it takes to but it, right? You don't buy gold and silver as an investment, you buy it as insurance, correct?
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