Quote:
Originally Posted by MoneyGuy
Gold is a decent hedge against disaster. If you believe the world is going down the toilet (I don't), buy gold. Interesting to note that gold goes nowhere for years, then spikes up big time and crashes also big time. If you look at its performance over many years, except for the fact we're in a big spike up now, it's basically done pretty well nothing. I don'gt want gold. Those bricks make big lumps in my mattress.  |
Thanks for the reply MoneyGuy. So let me get this straight. Everyone who is pouncing on gold (aside from speculators, and speculation is still a idea I struggle to understand - not how it works, but how it even survives) ... are those thinking the monetary system is going to fail?
I can understand if you're in Zimbabwe or Moldovia or Chechyna and you don't trust your countries currency. But jesus ... if the US money system fails, there's more to worry about they your portfolio.