What is money?
Out of context: Reply #65
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- maikel0
Deathboy, buying and shorting is like going short and long. So you are square. If you time it right, you can make a profit.
However, let's play the game proposed for a second.
You have let's say gold. Dollar goes to shit, and with it so will do a few other currencies. If the only thing you have is your gold, you will be force to sell to buy -let's say- food.
You will have to buy some $ (or any currency you like) to get the a -let's say- chicken. The chicken is a commodity (but unlike wheat, soybeans and cocoa it does not trade in any exchange) and as such it will not deprecate based on a currency. so you will spend the same amount of 'gold' to buy the same amount of 'chicken' - while in the process you will give plenty of middlemen a commission for converting gold-into-dollar-into-chicken.
Also, when you go through a devaluation the commodities in demand will raise more than the other. In the middle of an economy breakdown a lot more people will be interested in food than in gold, so 'chicken' will have an inflated value in comparison to gold.
result... the whole theory is craaaaaap!
- i must to be very fucking bored today to reply to this shit.maikel
- Don't reply... Go and make a lol cubeCableStudios
- will actually do. but while on it, can you prove me wrong?maikel
- so what your saying is I must invest in gold chickens asap********
- See the fucking video (post 1).CableStudios
- no youre right. why i said by and sell, much like oil speculation. the other stuff is for big collapse which wont happen.********
- happen but now im bored and dont know why im here
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