Anonymous asked in Business & FinanceInvesting · 1 month ago

Is gold as valuable as the experts say?

Why can't I buy a car or a house with gold?

3 Answers

  • Anonymous
    1 month ago

    You can if you have enough of it and you exchange it for cash first.

  • 1 month ago

    Well I see pawn brokers closing all the time or switching to selling jewellery only as well as switching to selling more silver instead. Gold is not so cheap any more that there are many short term loans against them, years ago jewellery was often used as security for loans but now it mostly isn't because with prices being higher more people found they couldn't redeem their pledges and the shops found they couldn't sell them easily. That proves to me the price of gold is high.

  • Kieth
    Lv 7
    1 month ago

    Gold isn't currency, you can sell it and then buy whatever, or through a private seller, you can negotiate a trade

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