[photodawg]

Why do people who buy radio time to convince me that gold's going over $1000 want to sell me all their gold?

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gold is contrarian indicator. Its a good hedge against total collapse, high inflation, and depression. Also as money substitute when all else is worthless. If 9-11 happened again today the market would tank 30-40 % but gold would probably skyrocket.

[ChildOfThe60s]

Right. Precious metals are not an investment as such. They are a hedge or fall back in the event of an economic collapse where paper currency becomes worthless.

I have silver bars for that reason. I probably won't live long enough to make any money on them. But they are there for a major crisis.