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LonePalm wrote:
“
Are you referring to the price of gold in dollars or Yuan?
If the price goes up the purchasing power of the currency goes down. Gold is always the first refuge of the nervous investor. It is NOT an investment. It is, at best, a hedge in uncertain times.
I would NOT recommending ever purchasing gold except that you take personal, physical possession of the gold. Do NOT allow someone else to ‘store’ it for you. The number of gold “shares” in the world is about ten times the physical amount of gold. If you are buying something for SHTF purposes, ammunition would be a much better choice.
“
Good points; there’s a lot of ‘gold bugs’ advertising on conservative sites...
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The Guys that push “Buy Gold” make money when you buy it, when you store it, and when you sell it back.
...And if it is a Paper Certificate that says “You own $xxx.xx worth of gold”, might as well save some “Green-Backs” instead.