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@Bluekelah, incredibly we agree on something, Sg gov cannot suka suka declare gold value is x.
But Sg gov (and central bank) can take such measures so that the value of the sg currency increase or decrease.
Right!
We disagree on the rest, but that was predictable
Gold is not only a commodity, it is also money. It has not only a commodity-value but also a monetary value.
it is not by chance that the sg central bank has gold and not diamonds, platin or cobalt in its vaults.
"i prefer my ownership of gold to be registered with a gov regulated bank or in a safe deposit box"
Go tell it to the clients of those banks in Cyprus a couple of years ago
Go tell it to those argentinians during the "bank holiday" during the financial crisis
Would you be so sure if you lived in some other country?
Who told you that your gov will respect your property forever?
Who told you that your gov will have forever the ability to enforce propriety rights?
On another subjekt, why do you need to be always that aggressive. We are all adults here, calm down.
Every time I see a post from you I get scared
But Sg gov (and central bank) can take such measures so that the value of the sg currency increase or decrease.
Right!
We disagree on the rest, but that was predictable
Gold is not only a commodity, it is also money. It has not only a commodity-value but also a monetary value.
it is not by chance that the sg central bank has gold and not diamonds, platin or cobalt in its vaults.
"i prefer my ownership of gold to be registered with a gov regulated bank or in a safe deposit box"
Go tell it to the clients of those banks in Cyprus a couple of years ago
Go tell it to those argentinians during the "bank holiday" during the financial crisis
Would you be so sure if you lived in some other country?
Who told you that your gov will respect your property forever?
Who told you that your gov will have forever the ability to enforce propriety rights?
On another subjekt, why do you need to be always that aggressive. We are all adults here, calm down.
Every time I see a post from you I get scared