Posted on 02/24/2015 12:07:38 PM PST by C19fan
Nobody wants to be the bearer of bad news. Nobody wants to crush people's dreams. But in the world of investing, cold, hard facts, not dreams, are what make you money. And the fact of the matter is, historically speaking, buying gold is the worst possible investment you can make.
I am very sensitive to the fact that what I just said has probably caused some readers to go apoplectic, and for that I apologize. I know that I will never convince the gold bugs, inflation hawks or doomsday preppers of this thesis, nor my own personal position that gold will eventually be worthless. But for the rest of you, let me lay out the case to avoid gold as an investment.
(Excerpt) Read more at dailyfinance.com ...
If the GLD ETF goes for a ride, I hop on. I’ve been off for a while.
A really wealthy guy taught me this!
Damn! Mother get the shovel that Gold we planed is not growing.
Maybe...
“A bowling ball makes the worst screwdriver...”
Must have been really smart.
He claims he figured this out all by himself.
Money, on the other hand, the government would never seize that.
Government contracts payable in gold were voided. He confiscated the gold to inflate the currency.
gold is about 1200x better then the dollar
First, stocks-bonds-ETF-gold-silver are all controlled (price) by the governments (NWO) They want to control all forms of wealth by taxing everything the people have or do. I will take silver over your paper that will one day soon be worthless. Gold and silver will work at the beginning of SHTF in the black market. Within a short time it will only be real stuff that will have any value. After the bank holiday starts there will be a lot of sad singing and slow walking. The worst investment in history will be by the people that voted for Obama.
That must be why FedGov confiscated it under FDR, too many people making the mistake of owning this terrible investment.
30 years ago, gold was at $720 per oz. Today it is at $1,200. So you made $480 or 66% over 30 years or about 1.017% annual return.
Right, gold is not meant to be an “investment” in the classic sense. You don’t buy gold because you want to make a profit. You buy gold because you want to keep the profits you have already made.
Paper wealth isn’t wealth, and government debt isn’t “free money.”
Gold is not an investment.....it is insurance.
Can’t eat gold? You can’t carry 50 bushels of corn around in your pocket either. Trade will not cease to exist just because the dollar collapses.
Gold will have a recognized value long after the dollar is dead and burried.
“It won’t warm you if you’re cold or shelter you from the elements.”
If you have enough of it, you can build a gold igloo. Touché!
Gold is not an investment. It is insurance against economic and financial collapse. Stocks and fiat currency have been known to go to $0. Gold never has.
Those of you who believe this can send your gold to me.
I will give it a good home.
Gold is a hedge against government. It is a long-term hold for that purpose. The best investment in emergency equipment for wealth preservation. In this case, it is held in real physical form.
It is a speculative short-term investment. In this case, best traded though the paper variety - stocks, etfs, funds.
After the next retest of a minimum of $1,000 and possibly just below $800, look out.
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