XML4 High Technology

But to think that gold financial investments are a safe haven is really not the right way to think. If it were a safe haven, why did it fall greatly in value over the 20 years before the start of the millennium?

Gold is an asset that you take a risk on just as anything else. It’s not your magic ticket to riches.

People that there is a layer of protection when they don’t actually buy the metal itself, but buy gold stocks.

The Bank of America survey that comes out every month on what the world’s best fund managers invest in, finds that most of them hate to touch gold because they feel the bubble is about to burst.

Gold is really self-serving thinking talking there though. In a time like ours when we keep excessive records of the price of everything, it can be still hard to know what gold cost 40 years ago.

Whatever gold is worth, it is worth it because society decides so. So it’s difficult to actually tell how much higher and gold can go. But if it coins you have then when it is high it your time to sell gold coins.

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