bearfund

Gold's Golden Run All Set to Continue

Ant1967, "investing" in gold makes no sense. Exactly how is gold going to generate income? It doesn't make anything or do anything. You can't eat it, drink it, or build a house out of it. Therefore gold is not an investment at all, except perhaps if you own a bullion bank.

As J. P. Morgan himself said, gold is money. When you don't want to invest in equity and real interest rates on debt are negative, you should convert most of your assets into gold and sit on it until something changes. But don't confuse sitting on a metal brick with investing; everyone holding gold (including me) is either sitting on the sidelines in our preferred form of cash or speculating. Nothing wrong with that, but it's critical that you never confuse them. There is a time to invest, a time to speculate, and a time to sit in cash. Don't fall in love with your "investment" any more than you would a $100 bill. Yes, it's better at being money than the paper, but it's no better an investment.