Gold is worthless except to those who will buy it from you; and they won't pay full value.
Gold only has real value when it is converted into currency.
Besides- we don't really know if the gold we invest in actually exists. What is to prevent a company from buying $100 million worth of gold, sell securities tied to it, and then sell the gold out the back door?
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Gold is worthless except to those who will buy it from you; and they won't pay full value.
Jan 09 02:18 am
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All Comments by Trinitymaster »What Is Going On With Gold? [View article]
Gold only has real value when it is converted into currency.
Besides- we don't really know if the gold we invest in actually exists. What is to prevent a company from buying $100 million worth of gold, sell securities tied to it, and then sell the gold out the back door?