Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
No, because in order to gold-back treasury bonds one needs first to have gold.Does a gold-backed treasury bond promoted by Judy Shelton, the former economic adviser for Donald Trump, makes sense?
Bottom line with regard to Ms. Shelton's call to monetize our Gold by throwing it out on the yield curve (with which we agree) there is no way you can do it honestly if you wanted to.
This one is a bit different.
BULLION DEALER WARNS AMERICA AGAINST A BITCOIN RESERVE! Crypto Lovers ANGERED by what he says...?
...
Two decades ago, when I had money to invest, I looked at every option I could find. The GM bonds had a "good" return, but I was not ready to put my money in them. Was it 9% at the time? I had been putting money into stocks, but I was not really happy with them. So I thought it would be safe to park my money in gold and silver until I found an investment that was actually good. Over the years, I have used my PM stash to pay for expenses, and I think buying was a good decision.Do YOU agree with Tim that physical gold and silver are NOT investments? Are they just hedges against economic disaster?
The question asks, "Are they just hedges against economic disaster?" I think the answer hinges on what the "economic disaster" is. A bad time of turmoil is one path, and an economic collapse is another. So I ask, "What is the scenario we are talking about?" Different futures will have different outcomes.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?