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Economic Predictions and Gold
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German Shepherd
Posted 8/22/2010 22:51 (#1327962 - in reply to #1327911)
Subject: RE: Economic Predictions and Gold


While I agree that the economy is going to tank thanks to the democrats, I've never been a big fan of gold, and yes, I've got enough college econ classes to make a list as long as my arm.

First off, the stuff doesn't pay a dividend or interest.  Your sole way to make money off of gold or silver is to have the price increase.  Secondly, gold is a purely psychological investment.  It has a value because man has always thought it had a value.

Think about it, what can you REALLY do with gold, except hope someone else will pay you more for it then you paid for it?  

I can think of a 1000 reasons why I don't like cash either, so I'm not sure what the best is.  Real estate?  Works for me if it was bought right.

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