/biz/ - Business & Finance

>>22342140
My ears are ready, speak.

>>22342170
Very informative, thank you.

>>22342184
Thanks this clears it up, on one side you own the gold versus buying gold with no owner.

>>22342199
184, This is what I meant
, I said it this way because we already know that todays paper money is not gold backed.

Thanks for challenging him it helped me see clearly. Not many people can go beyond one layer of thinking(inferring), surprisingly

>>22342225
> if you go to the government and ask to exchange your paper money for gold, they are REQUIRED to do so.

Who is there to enforce these guarantees when I hear stories these last few years of people trying to get their gold/silver from banks and instead they are given the dollar amount(iirc).

> if you go to the government
do you mean my bank?

Also, what if their gold stores are mostly kilos not ounces, how will this problem be fixed if all of the money I have is enough only for ounces and what about a shortage of ounce coins(silver to the rescue, right?) because people hoard or there is an insufficient supply for ~200+ million people

>>22342655
>The price could go to $100,000/oz perfectly legally.

And that is because our paper money currently is going down because there are stimulus packages, and

>this increases prices because more people are spending---

And prices are bumped up because of an opportunity to make more money?

Why don't the prices stay the same and just keep the shelves empty a little longer?