Here is the post:
Can you please tell me if you see Gold becoming important again in financial affairs – as it used to be before the gold standard was abolished. Thank you.
It’s interesting that you ask this because I have been wondering this myself. I’ve had the intuition that it will not be the same in this new market. I also had a strange dream about a lawsuit against the treasury trying to re-instate the gold standard about a week ago. I’m not sure what that meant. So I’ll ask the tarot…
The answer to Cheryl’s question:
Yes and No.
Having gold will put you in a better position in certain circumstances, but not all. It will not protect a person financially in the way it would have a hundred years ago.
Oddly I get the feeling the market for gold in a depression wouldn’t be very strong as the only real use for gold is in making luxury items like jewelery and the only people that would be able to afford this are the extremely wealthy. While I’m sure you could sell gold for money, and it would help, it will not be enough to protect a person from financial depression.
Basically, don’t put all your eggs in the gold basket. If you have some, it’s not going to hurt, but buying it now isn’t a great advantage.
Hope that helps.
Best wishes to all.