“”You can convert gold holdings to cash, but the transaction costs need to be added in to see your real return on investment.””
Jeff Carter obviously needs to join the current age and get an online broker where he can buy and sell for pennies.
Also, Carter gets the saying wrong. It goes:
“Pigs get fat and hogs get slaughtered.”
Depends: Are you talking about really holding gold in your hands or using a broker to buy shares of some form of gold related fund? If there is a total collapse, you will never see the gold unless you actually physically have it - trust me on this one.
The bulls make money
The bears make money
The pigs get slaughtered