04-21-2014, 12:05 AM
https://www.youtube.com/user/whygoldandsilver
MY COMMENTS:
Well then, in the event of an emergency, if all you have is gold you're stuck!! Chances are that with the banks closed, if you want to sell your gold, it will devalue to the point where you will practically be throwing it away. Better off saving cash than gold,
I remember when a hurricane hit my area of the world and all the power went out. The banks were closed and if you didn't have 20 dollar bills YOU WERE OUT OF LUCK!! NO ONE WAS ACCEPTING ANYTHING LARGER THAN 20 DOLLAR BILLS...
Forget about trying to use gold to buy ANYTHING. There were no GOLD ACCEPTED signs ANYWHERE!!! Lucky for us the power came back on in a couple of days.
NEXT:
Some seem to feel that in the event of an emergency you can take your gold to a pawn shop and get the going rate in exchange. DON'T BET ON IT!!! Chances are so many people will be trying to exchange their gold for money at pawn shops that it will devalue to the point of complete ridiculousness!!!
I want you to make it clear how I will be better off if I have gold saved instead of cash!! Someone please explain this to me because it seems to me you would be better off saving 20 dollar bills
MY COMMENTS:
Well then, in the event of an emergency, if all you have is gold you're stuck!! Chances are that with the banks closed, if you want to sell your gold, it will devalue to the point where you will practically be throwing it away. Better off saving cash than gold,
I remember when a hurricane hit my area of the world and all the power went out. The banks were closed and if you didn't have 20 dollar bills YOU WERE OUT OF LUCK!! NO ONE WAS ACCEPTING ANYTHING LARGER THAN 20 DOLLAR BILLS...
Forget about trying to use gold to buy ANYTHING. There were no GOLD ACCEPTED signs ANYWHERE!!! Lucky for us the power came back on in a couple of days.
NEXT:
Some seem to feel that in the event of an emergency you can take your gold to a pawn shop and get the going rate in exchange. DON'T BET ON IT!!! Chances are so many people will be trying to exchange their gold for money at pawn shops that it will devalue to the point of complete ridiculousness!!!
I want you to make it clear how I will be better off if I have gold saved instead of cash!! Someone please explain this to me because it seems to me you would be better off saving 20 dollar bills

