Humor of the day:-

i'm confused...

why genneva's investor keep putting the blame on BNM instead of genneva?

Some Genneva customer cannot wait already. Want to sell the S&P for the gold purchase without the gold. Who want to buy a piece a paper:-

altho got see some malays but Genneva indeed still chinese majority

don't want  that beetch freak me out

public gold is real genuine simple trading
but i dun like idea of mark up too much over spot, also there isnt any real established platform for u to assay the bar or sell back
also where u gonna store ur gem?
so i dun like playing with physical
i onli trade futures
u may say that fiat will collapse, but when fiat collap, u better hold parang and food rather than a bunch of gold dy 

I have to disagree. Gold only has value because modern civilization perceives it to have value. If we were to regress back to a primitive state, gold is next to useless. In a way, that makes it no different from fiat money.

Think about it, what practical use do people actually have for gold? It has a unique property of being both conductive and is chemically stable. This makes it useful it electronics, along with some minor uses in medicine and dentistry. However, the amount needed is actually very small and for the most part, recyclable (except for tooth fillings which don't get recycled until the owned bites the dust).

Aside from that, the fact that it is shiny and does not corrode makes it suitable for jewelry and coinage except that it is rather soft and needs to be alloyed. However, I think you will agree when I say that this is not very practical at all and jewelry really doesn't use that much gold as well.

That is the reason why gold, as a commodity, mostly just sits around in vaults. We have no reason to convert the bullion into something else. Petroleum, as a commodity, will eventually be pumped into vehicles. Copper, as a commodity, will also be eventually used. There will be a point when demand for copper outstrips supply for it. Why do you think there are people in the US who are hoarding pennies by the millions? Supply is running low, and people expect the penny to eventually be taken out of circulation as the production cost far exceeds the face value. When that happens, those copper hoarders are going to earn far more than any gold trader.

I really wish I hung on to those 1 sen coins but I don't think their copper content was as pure as the US penny.

imo in real chaos and anarchy, u will be rip with 1gold bar for 1 loaf bread or u can exchange 1piece meat with 1loaf bread 
precious metal is condense weatlh, which mean it come into use when u got too much $$$ ie. billion or trillion
to use condense wealth as transaction medium is inefficient at all
gold in the pass serve as condense wealth for elite class, and it will do so in future as well
for a commoner to hoard it to condense their little $$ isnt worth it

i rasa lah
dont bash me :handshake: