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If you can make some pips trading Gold then good for you, but...

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gozinsa

2,213 Posts.

129

23/03/19

13:59

Post #: 37861973
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Originally posted by gozinsa: ↑

1. Again, this has been addressed countless times. Historically, Gold has been remarkably stable, that is one of the main reasons it's emerged as money. "It’s the metal’s stock/flow disparity that renders its price so stable, and that explains why it’s been accepted as money for so long. When gold’s value moves up or down it’s the dollar’s value moving up or down, not the value of gold." https://www.forbes.com/sites/johntamny/2018/01/21/book-review-nathan-lewiss-brilliant-gold-the-final-standard/#402f1e74663a

2. 3. I don't understand point 2) and point 3) just addresses your own "perfect economy" straw man from point 2.

4. The chart is what it is. It's showing an unsustainable trajectory. To say this trend holds no merit is absurd and it's a cop out. You have no good retort here.

The rest of your rant is you venting your frustration. I think it's fair for someone to assume you have little knowledge of Austrian economics when you don't demonstrate any.

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If you can make some pips trading Gold then good for you, but it's irrelevant to this discussion. Traders buy Gold for a very different reason than most of us.
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