When will the Dow hit 30,000? 40,000?

[Ancient of Days]

On a long enough timeline, sure, the Dow could go to 30,000 or 40,000. The question though is how many years are you going to wait for that to happen? Generally, any prediction that doesn't give a timeframe of when it will happen is useless.

This is terrible advice. Most gold dealers will only allow you to exchange gold at 85% of the market rate. And if a doomsday scenario happens, why do you think gold will somehow be of use to you? Gold is a commodity, not money.

Gold and silver ARE money, always has been and always will be. Why on earth would you exchange gold for worthless paper dollars. You have it backwards. Gold and silver are a store of wealth.

 

[Yekcidmij]

Gold and silver ARE money,

No, gold and silver are rocks that can function as money. And the fact that I can't easily exchange them for goods and services means that they aren't really functioning as money at this point in time.

Why on earth would you exchange gold for worthless paper dollars.

Maybe beause you have to eat? That could be one reason.

 

[Ancient of Days]

No, gold and silver are rocks that can function as money. And the fact that I can't easily exchange them for goods and services means that they aren't really functioning as money at this point in time.



Maybe beause you have to eat? That could be one reason.

You keep telling yourself that. Maybe you are ignorant of wealth preservation. That's ok, most of you are...

 

[Yekcidmij]

You keep telling yourself that. Maybe you are ignorant of wealth preservation. That's ok, most of you are...

Great response.... so a rock isn't a rock in your world.