Even if this can be obvious for stakers, I wanted to write a bit more about Gold value, especially nowadays.
Note that what I write is what I think, it's not any kind of advices, and if you know me wrong on any point, feel free to correct me.
There are a lot of things happening and it has a negative effect on global economy.
While I hear people asking why gold still climbs, or some others warning people that, one day, gold will go down.
I think that gold's price is not going up, not that much, I mean, it simply keeps its real value while the bank notes money falls down due to the inflation.
In times of inflation, paper money loses its value. This means you can buy fewer goods (including gold...) and services with the same amount of money.
Money loses its value, for example, when governments print some when they need it. This reduces the confidence in that currency, which in return loses some of its value.
This is all the more true now that the gold standard no longer exists, because with fractional reserve banking, money is literally created out of NOTHING.
Gold, on the other hand, retains its intrinsic value over time. It offers stability and protection against the erosion of purchasing power.
Gold cannot be printed as money, nor can it be created from scratch. Its scarcity and permanence make it a hedge against currency devaluation, inflation and economic instability. These properties make it an attractive component of diversified investment portfolios.
Thus, Gold might look like more expensive, while it's money which becomes cheaper...
Making me quite certain that, no, Gold will not go down anytime soon.
O.J. | Towards Financial Freedom! |
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![]() | @independance is my path to financial freedom, via precious metal stacking. I try to achieve this to bring a heritage for my family. I'll post about my progress as well as anecdotes. |
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That's why I keep buying gold.
My gold stack is now worth more than my Silver stack.
The governments just keep printing more and more fiat currency inflating the supply and robbing savers of their buying power. The value of fiat eventually goes to zero!
Exactly.
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