paintismotion

In This Global Depression, Gold Is a Safe Haven

Physical gold is and always has been "money" in our civilisation. Paper is paper masquerading as money. Paper is paper. Gold is Gold. I would caution any smart investor to hold a certain - perhaps small - amount of gold in their porfolio. If and when a gold crash does occur one could always sell their gold for a basket of paper currencies on its way down as it would not happen overnight that gold would drop 40% anyway. Thank god gold is not the Dow. In fact - i just bought another 6 oz physical today after walking by the Scotiabank main branch. Was i sad to see those paper dollars go? Nope :) Truth is there are plenty more where they came from and truckloads being printed daily. Can't say the same about gold - especially the physical variety.