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Pittsburg, Kansas | I don't consider gold an investment, as conventional investments are made to make money. Earnings are expected. Gold normally has no earnings.
I consider gold as cash in hand. Like 20 dollar bills. They earn no money either unless loaned out.
I consider the appreciation in gold mostly not a gain but instead the depreciation of the dollar. In other words I hold it hoping it will maintain my purchasing power.
Of course at any point in time the market may establish prices in dollars above or below long term inflation trends.
So in my opinion it depends on if you are wanting a speculative bet or a savings account will depend on how you view gold. It can work for either at times. For me gold is just cash.
Silver is my speculative bet. It has both monetary characteristics as well as commercial needs. A different discussion more nuanced.
Edited by John Burns 4/26/2026 01:18
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Buying Gold was this a good investment 45 years ago
