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To "The Hand": gold is not an investment per se. It is money just like the dollar, the euro, the pound sterling. Gold has been money long before any of those other currencies existed and it will outlast them all.
Aug 03 23:28 pm
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All Comments by Did U Think The Ponzi Scheme Would Last? »Retirements on Hold [View article]
Most people do not need to invest in the sense we have been led to believe in it. All they need to do is to preserve the wealth they already earned so that they can use it when they are no longer physically able to work.
Because fiat currencies are constantly being inflated, you are FORCED to "invest" (which is now nothing more than gambling) else inflation will eat you alive. When you take personal financial risk and actually win once in awhile, the gov't then wants to tax you on your winnings. What a freaking SCAM. Get your wealth into gold. It does not evaporate and ever since the gov't stopped forcing the price to 35/oz, it has rocketed to over 900/oz today, almost 30x gain in the past 35 years. Good luck getting that sort of return on stocks that can go BK. Gold can never BK.
When it's time to spend your gold, pay for things in gold, not dollars. In this way there is no fake capital gains to pay on inflation. That is such a scam I'm surprised nobody is taking out a front page add in the wall st journal stating the fact.