400
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 16 Jul 2024
400 points (98.8% liked)
politics
19138 readers
3326 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
Erm - 6.5% interest rate is a decent inflation compensation. If there wasn't a risk even with gold, I'd use gold as my "secure savings" account.
Random opinion: Ive never liked gold personally.
The problem with solid gold being a currency is even the smallest amount of gold that could be carried in small enough amounts to be used as currency would be a coin. A solid gold coin is roughly $2.5K.
You could break it up but you still have $625 pieces.
If we ever need to use gold to trade for food, you are looking at some expensive eggs.
I didn't mean I would keep gold at home, but as someone fundamentally opposed to stock market investment, I would like to have a way to at least protect my savings from devaluation by inflation...
Oh, 100%. Gold is perfect for people that wish to avoid the stock markets. I even have a few coins myself.
I just find it ironic that if we ever needed to use our gold as a curreny, we would be fucked.
Just did the math - for all mined gold in the world (~200 thousand tons) at 9 billion people, that would give us 22.4 grams of gold as currency / personal property to spend at any given time, if no one on the world had any "savings". Considering that a 100 K EUR would already buy ~1.37 kg of gold, that's a bit of a mismatch...
This seems like a good post for a math sub for sure.