OIL VS GOLD

  • Christian Chat is a moderated online Christian community allowing Christians around the world to fellowship with each other in real time chat via webcam, voice, and text, with the Christian Chat app. You can also start or participate in a Bible-based discussion here in the Christian Chat Forums, where members can also share with each other their own videos, pictures, or favorite Christian music.

    If you are a Christian and need encouragement and fellowship, we're here for you! If you are not a Christian but interested in knowing more about Jesus our Lord, you're also welcome! Want to know what the Bible says, and how you can apply it to your life? Join us!

    To make new Christian friends now around the world, click here to join Christian Chat.
Musicus

Musicus

Senior Member
#2
Oct 26, 2017
314
39
28
#2
calibob said:
Do you believe that the oil standard will replace the gold standard?
Click to expand...
The gold standard was done away with in 1973 in the US. The US dollar has been a fiat currency since then, and I doubt that will change any time soon. But as far oil goes as a trading standard on a global market, who knows? On some levels I think it already is.
 
M

mcubed

Senior Member
#3
Dec 20, 2013
1,449
218
63
#3
I'm actually one of those people that believes in buying silver... Probably silly but I do think at a later time it will bring the highest return and cheaper than gold for now.
 
calibob

calibob

Sinner saved by grace
#4
May 29, 2018
8,268
5,510
113
Anaheim, Cali.
#4
I know about fiat currency. I think it's ironic naming junk money after junk cars. I'm a muscle car era, professional auto mechanic.

Except for electronics, most precious metals are relatively useless now I think the book of revelations shows clearly that monet as we know it today will be worthless. Don't spill the oil!
 
Musicus

Musicus

Senior Member
#5
Oct 26, 2017
314
39
28
#5
mcubed said:
I'm actually one of those people that believes in buying silver... Probably silly but I do think at a later time it will bring the highest return and cheaper than gold for now.
Click to expand...
Silver may not bring the highest return, but out of the 4 commodities metals (gold, silver, platinum, palladium), silver is the most stable I think. If I had the $ I think I would invest in vintage guitars first, silver second.
 
Oncefallen

Oncefallen

Idiot in Chief
Staff member
#8
Jan 15, 2011
6,031
3,263
113
#8
Musicus said:
Silver may not bring the highest return, but out of the 4 commodities metals (gold, silver, platinum, palladium), silver is the most stable I think. If I had the $ I think I would invest in vintage guitars first, silver second.
Click to expand...
Only one problem with your plan, if the economy tanks silver will still have value (typically silver and gold values climb in a bad economy) but your vintage guitars will drop in real value because in a bad economy people aren't looking to buy that sort of thing.
 
calibob

calibob

Sinner saved by grace
#9
May 29, 2018
8,268
5,510
113
Anaheim, Cali.
#9
Oncefallen said:
Only one problem with your plan, if the economy tanks silver will still have value (typically silver and gold values climb in a bad economy) but your vintage guitars will drop in real value because in a bad economy people aren't looking to buy that sort of thing.
Click to expand...
buzzz, wrong. It's not the value of precious metal going up it's the value of money going down.
 
Musicus

Musicus

Senior Member
#10
Oct 26, 2017
314
39
28
#10
Oncefallen said:
Only one problem with your plan, if the economy tanks silver will still have value (typically silver and gold values climb in a bad economy) but your vintage guitars will drop in real value because in a bad economy people aren't looking to buy that sort of thing.
Click to expand...
That's fine, I'll still have cool guitars to play!
 
You must log in or register to reply here.