Loading ...Gold- Wealth building Tradition
IN Some culture have buying gold time to time is encouraged.
In US if every family had this custom any attempt to reduce inequality would have failed.
Ever since gold was made legal to buy if a family bot just 10 gram of gold every month for last 40 years They would have 155 ounces worth $262,400.
According to stat many savers have less than this amount.
Today 10 gram cost $57/gram total $570/month.
Not too late to begin.
Bikoo, Great point. Imagine if all US workers had their SS contributions go towards buying gold. No solvency issues for SS “Trust” fund.
OMG Great point. Fiat regime would not allow. Plus “Trust Fund” were raided for last 40 years as IOU for more spending. There is lot of money in trust in form of IOU. Yes. It is like if you owe bank $1 million you have problem. But if you owe banks $500 million Bank has problem.
Now congress can not pay back IOU’s to trust let alone payback the US debt. LOL!!!