FinancialAdvisor's College Class (FACC)

[flota]

Ok. FA. You claim that gold is a good form of currency as you put it, as there is no room for dilution. So when a gold company produces gold every day to sell it on the open market there is no dilution right?

Please tell me how much it cost to get 1oz of gold out of the ground, mint it into currency and distribute it on the market and if you think about it, just producing that gold reduces somebody’s purchasing power as someone has to cover the value of producing a coin. So if govt will distribute the money, tax payer will have to cover.