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geodcan

10/17/17 1:05 PM

#1428 RE: tootalljones #1423

You brought up crypto currencies in regards to the price of gold. Don't forget the dirtiest little secret of gold certificates. Trust the moneymen to figure out how to counterfeit the perceived value of real gold. Most goldbugs recognize the devastation that has resulted from paper promises. When currencies fail because of overprinting fiat paper, devaluation is just around the corner. When devaluation happens, usually quickly, you want to be sitting on real gold for a quick return due to the fact that gold doesn't move in lock-step with currency. Real gold is world currency, recognized and accepted everywhere and those paper certs will be worth what they are written on. Investor advisers will keep coming up with new investment vehicles with new twists so they can continue parasiting off a couple of percent. Printed currency is giving way to cybercurrency and chainblock transactions, backed by nothing but promises, much like most of the fiat currencies. China is backing their currency with gold and energy. The US is on the verge of devaluation, just like the Euro situation because they have devastated the value of their dollar with over-printing. Pretium is said to be a rare deposit with low AISC. All of those institutional investors are privy to more info than your average gold investor so I am feeling pretty good about our investment despite the fluctuations. glta and dyodd