Quote from: ReubenMachinga on August 11, 2018, 09:10:45 AM

Quote from: Plenamola on August 11, 2018, 08:57:26 AM

Some beneficial points regarding gold. Other great points include that gold is the only financial asset that is not simultaneously someone else's liability.
1) Gold does not require the backing of any bank, government, or brokerage firm.
2) Gold cannot suffer a default or its value fall to zero.
3) No counterparty risk means that once you have physical gold in your possession, you dont depend on someone else to fulfill a contract or keep a promise for it to retain its value.

What do u guys think about it?

The second point is very important! The value of gold, as far as I can remember, has never fallen to zero. Paper assets can fall, and indeed many have fallen, to zero. But instead of just letting gold bars gather dust in a vault somewhere, ain't it great that people can invest in gold production now? It's the best of both worlds: the historical stability of gold with the returns from a living, productive company.

I absolutely agree with you! That's really important