I keep reading and hearing about how the economy is going to collapse and the dollar will be worth nothing. I'm also told I should buy gold, silver, palladium, whatever... Why are these people so willing to sell me these preciouse metals in trade for my money when they say I should buy this stuff because my money isn't going to be worth anything? Wouldn't it make more sense to their best interest to have as much gold as possible instead of the dollar?
2007-11-10 23:26:11 · 7 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
they will also get metals from government
2007-11-10 23:29:02 · answer #1 · answered by priya 2 · 0⤊ 0⤋
gold, the dollar, or any other commodity has a perceptual value of what people think its worth. most of the dollars issues have to do with liberal confiscatory tax and spend policy. it wont be around forever and when conservatives clean it up the dollar witll return. people investing in the dollar know this and are savvy with financial acumen.
2007-11-10 23:34:59 · answer #2 · answered by koalatcomics 7 · 0⤊ 1⤋
It is money which we need to live not the gold..you can buy the gold with half of your saving but not eith all..and people who r selling gold ..its thier business they earn by doin it
2007-11-10 23:30:16 · answer #3 · answered by iveaquestion 3 · 0⤊ 0⤋
If you put it that way then no one would ever sale anything..those who find the gold wouldn't give it up !
2007-11-10 23:30:24 · answer #4 · answered by Amusing but confusing 3 · 0⤊ 0⤋
It is not your fault if they cant see the truth. Take care of yourself, and your family first.
2007-11-10 23:30:30 · answer #5 · answered by Anonymous · 1⤊ 0⤋
maybe they are locking in profits. LOL. maybe they need the money to feed their family.
2007-11-10 23:28:11 · answer #6 · answered by Linda Fallsrock 2 · 1⤊ 0⤋