I’m not talking about buying or not buying Gold. I’m talking about the sales pitch these companies are using to Sell it.
I’m thinking they might want to “Rethink” that.
I passed by a restaurant not too long ago that appears out of business. The marque outside said “Come on in, we’ve got killer seafood”. I thought perhaps that’s why they are no longer in business.
I think they are working the inference to something lime Enron or AIG or GM. Companies that were worth something once, but are not worth anything now.
It sounds like you have a functioning brain. Therefore, the pitch doesn’t work.
Gold is not an investment. Its a hedge against inflation. The stock market works the devaluation of the currency in as well—just not as directly. The stock market goes up, gold goes up and it takes more dollars to buy a commodity. If you own gold, in the end the “value” of the gold doesn’t change.