Click here to get this article in PDF
Bloomberg/Peter Coy/3-25-2021
“The most intriguing answer in this second chart is ‘makes me feel better.’ In standard finance and economic theory, saving for its own sake makes no sense because the only purpose of money is to pay for things. You feel better when you spend, not when you refrain from spending. Clearly, though, a lot of retirees find satisfaction in the very act of saving.”
USAGOLD note: Those who save for its own sake might want to consider the purchasing power of those dollars saved over the long run. This article includes some revealing charts on peoples’ attitudes towards savings. Saving dollars does not preclude saving gold and silver.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.