Did you know that a billionaire is predicting an economic collapse? No? Did you know that the Federal Reserve is printing so much money that you’ll need a million dollars just to buy aquarium gravel? And did you know that gold is the only real form of money?
If you do know all these things, you probably get much of your information from people who sell gold, all of whom will be happy to take your fake U. S. currency in exchange for gold. By and large, gold has been a lousy inflation hedge and, for the last three years at least, a lousy investment.
But gold is cheap right now – or at least, cheaper than it has been – and so are the stocks of the companies that pull the yellow metal out of the ground. For that reason, it’s worth looking at both – although if you plan to invest in either, you should be aware that there’s plenty of room on the way down as well as up for gold.
People love gold. Gold coins are lovely: A St. Gaudens $20 gold piece is one of the most beautiful coins ever minted. Gold doesn’t react easily with most chemicals, making it unusually durable.
And it’s rare. All the gold in the world would fill an NFL football field, sideline to sideline and end zone to end zone, to a depth of 5.4 feet. And because it’s so dense, it’s relatively easy to transport, provided you’re not trying to flee with a billion dollars.
This post was published at TruthinGold on November 21, 2014.
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