FOFOA: Gold: The Ultimate Wealth Reserve 29th Dec 2009
Sat, 09/01/2010 - 01:25
This is a very important point, and one I repeated recently.
Quote:
What is the main difference between a commodity and a currency? Consumption! A currency circulates through the economy as a medium of exchange but is not consumed. A commodity is a useful basic economic good that is produced, traded in common units and prices all over the world, and then consumed by industry or individuals.
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And what is the difference between a currency and a wealth asset? Time and appreciation! The main difference is the amount of time that each is held. A currency is earned and spent in a short timeframe and wealth assets are accumulated and held for longer timeframes. Here is a list of some common wealth assets:
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What separates "endurable wealth assets" from the rest of the physical world of consumer goods is their tendency to appreciate against the currency.
This is a very good read
http://fofoa.blogspot.com/2009/12/gold-ultimate-wealth-reserve.html
Here are two very good options for buying gold & silver and having them stored for you in secure insured vaults:
Bullion Vault ......... and ......... Gold Money
For more details see this:
Why & Where to buy Gold & Silver
http://neuralnetwriter.cylo42.com/node/2535
