:: WHY IS GOLD/SILVER ON MOST FOREX PLATFORMS? :: Some people may be waiting for prices of precious metal to get cheaper before buying. They may believe that its not the right time to buy just yet. I agree. Its not the right time to buy yet.... if your purpose to buy is to sell and make more money later. Basically, if youre investing for profits. Perhaps in the short term it may be a great idea to just wait. Wait for gold and silver to go lower to make more money. But most people forget: Gold/silver IS money as well. These metals seemingly have a unique, often confusing property of being both money generating as well as money itself. But the truth is, gold and silver is pretty much like a form of currency: you can use it to buy and sell things, and exchange to another form of currency that can you can also use to buy and sell things. People recognise fiat as money because it has the ability to get them the things that they want when it is given to someone else. Ultimately, fiat gives people that transactional powers. Would people be able to do the same things with gold and silver? Absolutely! Provided they are dealing with someone who recognise gold and silvers value as money as well. The banking and financial system actually knows this. Hence, you see gold and silver in most forex trading platform. Buying gold and silver should not be about profiting. It should be like how you exchange your Singapore dollars to Malaysian Ringgit when shopping at JB. However, its the universal value of gold and silver build over centuries that makes this particular currency exchange global and historical. Most other people though just wanna come back to fiat, more fiat and even more fiat. Then somehow fiat leads to the creation of forex, and now money from thin air is generating more money from thin air. I admit, Ill be lying if I say Im not caught up with profits or fiat money. I cant simply dismiss a system I am born into and grew up with. However, its moments like this when I compare slightly more than 40 years of history versus the fundamental history built on centuries, that brings me back to the ultimate truth about gold and silver, and that is: gold and silver IS money. Unfortunately enough, I have a long way to go before I can really hold that conviction, let alone convince enough people with my conviction.
Posted on: Fri, 10 Oct 2014 00:26:33 +0000
Trending Topics
© 2015