Reasons To Own Gold
fools gold - iron pyrite
Right now, gold is hedge against inflation (and the fear of inflation) and the falling dollar. It is also insurance in case the schemes of Bernanke, Geithner, et al blow up in their faces (and ours). It protects against the never-before attempted theories of multiple countries all printing and spending scads of money at the same time to reflate their economies. And it is on stand-by should Israel go after Iran’s nuclear facilities.
Plenty of reasons to have some gold right now, and it does not look like that will change in the near term.
fools gold
Related Posts:
2 Comments
Post a comment
Gold strength would undermine the power of the international banking system. They will go to great risk and expense to suppress gold rallies.
Copper
So I’m confused! Is the price of gold going UP or DOWN?! If gold can’t go through the roof during a ‘global fiat currency’ freakout, or credit crunch, debt bubble burst, whatever, then when? My sense is that the deflation demon will finally take out gold (‘goes up on an escalator and comes down in an elevator’!)
Herkimer Diamonds