Hey /biz/,
How would bimetallism be successful?
>>1726108
It would be successful in that the depreciation of the currency would be arrested. That is, governments would no longer be able to use the stealth tax of inflation to rob people of their savings.
But bimetallism has a problem, too, since the price ratios of the two metals can vary quite a bit from the official ratio set by a sovereign. This will cause problems where one metal may become rarer than the other for periods of time.
Is there a place I could read up about owning precious metals? I find the idea of owning physical gold and silver to be very interesting.
>>1726581
You have to read around a bit, trying to find 'independent' commentators, who aren't taking 'enthusiast' to the obsessive stage and remain grounded in reality. Failing that, just get your head around what the market offers: Goldmoney.com/r/mdCA4w etc., and use your common sense to figure out if it's legit or not. I'd just play around with it for a bit to get a feel for how it works, and see if it's for you. Obviously depends how much time and effort you're willing to put into it, and there's different 'levels' of the game for different levels of commitment.
>>1726581
Make sure you read oppositional views, such as Warren Buffet on gold, a lot of people have made very poor returns on gold in the last 5 years.
Personally I hold some gold miners as they give exposure to gold and also a return.
>>1726581
Good history lesson right here:
https://www.youtube.com/playlist?list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ
>>1728598
gold is EXPENSIVE AS SHIT