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At the moment gold is insurance against a devaluing USD Ok,...

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Crom Valen

7,109 Posts.

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17/04/18

14:30

Post #: 32504599
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Originally posted by Skol ↑

Let's all hope for another move to USD 30 to 50 an oz in due course.
-------------------------

'Hope' isn't a viable investment strategy.

Precious metals are hardly 'insurance' when silver dived 47% during the Great Depression, and gold was fixed so it remained the same.

Gold is insurance against what exactly? Because you can't eat it or drink it. At the moment gold is insurance against a devaluing USD -- that's it.

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At the moment gold is insurance against a devaluing USD

Ok, another reason to own some.
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0 Great analysis

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At the moment gold is insurance against a devaluing USD Ok,...

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