Why are people willing to sell me their precious gold for my worthless dollar? Shouldn’t they keep the gold?
not-the-one asked:
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?
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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?
March 31st, 2009 at 7:37 am
maybe they are locking in profits. LOL. maybe they need the money to feed their family.
March 31st, 2009 at 9:55 pm
they will also get metals from government
April 4th, 2009 at 6:10 am
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
April 7th, 2009 at 11:58 am
If you put it that way then no one would ever sale anything..those who find the gold wouldn’t give it up !
April 8th, 2009 at 1:40 am
It is not your fault if they cant see the truth. Take care of yourself, and your family first.
April 10th, 2009 at 9:37 am
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.