(March 22, 2015 at 9:44 pm)SnakeOilWarrior Wrote:(March 22, 2015 at 6:26 pm)Huggy74 Wrote: Here is the bottom line, given a choice between $1000 dollars cash or Gold, which do you take?
Gimme the cash. $1000 in gold is actually worth about $850 once I get it converted to a useable medium.
And before Huggies starts in with that's "not true because gold always keeps its value," well, it always has* but I still have to accept less than current value at an exchange and then pay brokerage fees...
*Past performance is no guarantee of future performance.
Cash you can use as soon as you get it. I can't buy gas or purchase clothes with a bag of gold. I would have to find someone to exchange the gold for dollars before I could use it. It would be easier to take the cash
