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China is hoarding the world's gold
(www.newsweek.com)
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this post was submitted on 04 Nov 2023
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So? We don't use it for money anymore.
Gold is used in a lot of other things than money and jewelry. For example, a sizable portion of the world's supply is used in electronics like cellphones and computers.
Oh no a country is investing in their own industrial capacity, what devious monsters!
Yeah, like, I'm generally pretty anti-CCP, but this is a non-issue, really.
But when money fails (hyperinflation, sanctions, digital collapse, bank failures, violent revolution, etc.), countries who already have gold reserves will be the only ones with anything of value.
Beyond that, just by virtue of the fear of any of those events or general international turmoil rising, the value of gold rises, too, as one of very few stores of wealth that can survive any such event. Investing in gold is a great low-risk move for guaranteed returns on huge reserves.
Edit: I don't know why people are downvoting this lol. Talk to literally anyone in finance.
Money is like fairies. If you stop believing in it, it stops existing.
I talked to someone in finance, and the first thing they said is that nothing has guaranteed returns.
FlowVoid: Hi, I'm FlowVoid.
Person in finance: Nothing has guaranteed returns.
FlowVoid: Oh...uh, ok.
Person in finance: I'm in finance.
Close! But here's what actually happened...
FlowVoid: Hi, I'm FlowVoid, your 1:30 pm appointment. I'm here for some guaranteed returns, here's $3.50, now set me up finance bro.
Person in finance: Nothing has guaranteed returns. Also get out.
You can get a guaranteed return in many ways.
The first is not guaranteed, the others are savings not returns.
Savings are better than returns because they are legally tax free. A penny saved is worth more than a penny earned.
Yes, savings are usually better if for some reason you are forced to choose only one. But they are generally used together. A penny saved is worth even more if it is used to generate a return.
Fair, low-risk not no risk, but a good buy
Look where that got us...