Buying gold (over the long term) is one notch above burying your money in the backyard. You take high value dollars to buy an ounce of gold today and then sell that gold down the road getting low value dollars in return. The number of dollars is higher, but each buys less than the ones you hold today. Had you taken the money and bought a good rifle instead, for example, you would still have a high value asset in the future; one that has some utility. Gold can’t be turned into anything of higher value without additional expense and effort. (Are you planning on becoming a jeweler?!)
Gold can only be turned into dollars that are less valuable than the ones used to purchase the gold in the first place. The rifle can be used to secure your next meal and it’s still a rifle after you’re done using it for the day. The gold becomes pieces of paper when you’re done with it.
How many rifles do you need?
By the way, how big does a gun safe have to be to hold 10,000 rifles?
You do understand the concept of multiplication right? That if y=a*b, and if "a" goes down while "b" goes up by the same factor that y is the same?
Since I began playing poker online, I don’t need no stinking job. I got all the heavy metal a country boy will ever need.