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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Have a look at this "Gold Card"
#27317125 - 05/21/21 05:34 AM (2 years, 8 months ago) |
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Credit? Debit? Cash?
Even better!
This "gold card" holds the actual gold of the value it represents and thereby is casher than cash, because unlike money, it holds the value it represents within it.
In this case, about $1250
Now, back in the day, this card was worth $13.33 in gold dollars, and guess what: its still worth that today, its just that today's paper dollar has lost 99% of its value. At the same time, gold has become about 100x as valuable, how about that.
So, unlike paper dollars, this "gold card" will be there for a rainy day, as the paper dollar gets closer and closer to the price of toilet paper, legal tinder - the number of these dollars required to buy this gold increases while the gold just sits unchanged while the economy changes around it.
Nice gift for the baby 
Gold manufacturers are turning increasingly towareds this kind of distribution of small gold, pieces of 1-100gr of gold encased in credit card like formats.
You might encounter these or find them a nice way to gift longer-term money, so I figured I'd show-and-tell.
-------------------- Omnicyclion.org higher knowledge starts here
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Green_Hands
The Great Devourer



Registered: 05/21/05
Posts: 625
Loc: Old World
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Re: Have a look at this "Gold Card" [Re: Asante] 1
#27317151 - 05/21/21 06:29 AM (2 years, 8 months ago) |
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In my neck of the woods it's customary to gift babies at birth with gold coins anyway. My son got few also.
My family is shit in following traditions but this one is on a practical side so they did it. Not much but it keeps its worth.
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Looping our reflections, our obsessions draw us in Fix and fixation, no sentience beyond
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Brian Jones
Club 27



Registered: 12/18/12
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Re: Have a look at this "Gold Card" [Re: Asante]
#27317179 - 05/21/21 07:11 AM (2 years, 8 months ago) |
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Does it's value fluctuate with the price of gold? If so it's only better than money some of time, but still a good long term hedge.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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Asante
Mage


Registered: 02/06/02
Posts: 86,795
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Re: Have a look at this "Gold Card" [Re: Green_Hands]
#27317199 - 05/21/21 07:27 AM (2 years, 8 months ago) |
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You will find that at times the price of gold is lower, your dollar purchasing power kis higher and when the price of gold is higher, your dollar purchasing power is lower.
Quote:
Green_Hands said: In my neck of the woods it's customary to gift babies at birth with gold coins anyway.
They started the tradition wth Jesus
-------------------- Omnicyclion.org higher knowledge starts here
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QM33
(NOT A PUPPET!) ❤❤❤❤❤



Registered: 04/09/20
Posts: 4,739
Loc: Oregon
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Re: Have a look at this "Gold Card" [Re: Asante]
#27317205 - 05/21/21 07:31 AM (2 years, 8 months ago) |
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Alot of traditions started with jesus.....
-------------------- OmManiPadmeHum,OmManiPadmeHum, OmManiPadMeHum... There are known knowns, there are known unknowns, there are also unknown unknowns. With great privilege comes great responsibility.
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Re: Have a look at this "Gold Card" [Re: Asante]
#27317865 - 05/21/21 06:22 PM (2 years, 8 months ago) |
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Asante!
You have any thoughts on ETNs vs physical holding corps vs holding the miners or certificates of holding, or anything else. I have a bit of a mix, but I don't think it's optimal. Physical coins is probably best if you don't have any intention of selling and have a safe way to store them, but that doesn't work the best for me. I need liquidity and I can't keep it on my person.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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