ALL Gold is Fool's Gold in America ...
(media.scored.co)
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But WHY WHY WHY would they want that "worthless" cash we they've got "precious" GOLD!?
Think a little harder, dude. The pitch for gold is the same pitch for $2k Pokemon cards. It's the same scheme.
would you rather them hoard gold like a dragon?
why would grocery stores sell food for cash? are they stupid, you can't eat cash after all
The grocery store is telling me that I need to buy chips and soda now so that I can trade them in for 10x their value next week.
The gold (((dealers))) are telling me that my cash will be "worthless" unless I trade it for gold.
So, again, which you refuse to answer: WHY would they want my "worthless" cash for their "precious" gold?
it's a cash flow business that operates on margin
... unless, of course, the cash wasn't really "worthless."
Why would a miner sell gold instead of keeping it for themselves? Because there are people making money moving product from raw source to retail counter.
The same reason a farmer sells food instead of keeping it all for himself.
Velocity of money, profit margin, leverage
You seem to be hostile toward gold investors. Why? Obviously it's worked out well the last year. Check out goldprice.org
Are you upset because you think you missed out? Look at it this way. Most of the gold I bought was when it was at all time high. And guess what? It kept going up.
Gold at $4000 an ounce is higher than it was last year but next year it will be $5000 per ounce. You get in now and stop worrying about old prices you missed out on. One ounce used to be $20 but it never will be again.
Also gold has a floor price. An ounce of gold always costs what it costs to mine it out of the ground which is at least $2000 at no profit to the miner
Now if you prefer Bitcoin then hey okay. I prefer gold but Bitcoin still seems like better store of value than the fiat jew dollar so we can debate but the idea is we don't want jews printing fiat and devaluing all our hard work and labor.