Anyone who buys gold as an investment is dumb. The purpose of gold is insurance.
Y’all may be right but let’s keep in mind that we all got opinions and feelings while the world gives us facts. Them that tried to ‘insure’ against inflation a couple years ago are not feeling very well protected right now.
But but but but the guys in the radio promised that gold would go over $5000 an ounce before the end if the year. If you can’t trust an anonymous radio huckster who can you trust.
A finer point on your point is that gold is a “wealth preservative” to “the other side” of the crisis.
If you want to preserve your spending power, silver is the deal.
Insurance against what?