logicalsinger

Gold as an Investment? Think Again

I don't need to make bullets. Unfortunately, there are already billions of them sitting in the world's military arsenals. I would venture a guess that there are several thousand bullets sitting in crates around the world for every man, woman and child living today. Not to mention that sadly, there are more efficient ways for armies to kill today.

Re the total quantity of gold, you are wrong. There are many estimates, many of which indicate all the gold ever mined would fit in a cube 100 feet x 100 ft x 100 ft. No one knows for sure, but if anything, 3 football fields is on the high side. The total gold ever mined is estimated at 145,000 tonnes, equal to $4 trillion in value for gold at $1,000. Note in comparison that the S&P 500 has a total market cap of 12.6 trillions. So imagine the flight to gold that may take place if the equity culture vanishes for 10 or 20 years.

Finally, gold is one of the few things that are indestructible. Rare, indestructible, and also pretty to look at. Much better than most stock certificates :)