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?
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?