Other than the electronic industries who would miss gold if it disappeared of the earth?
Why do people invest in materials that have little practical value as a protection against an economic crash. If that happens then no one will be buying gold for show and the demand goes away. Buy oil if you want protection.
Yes Cotton is practical, but a good crop this year or next means it is not a good long term investment.
It is so high now I wouldn’t want it. Metals are good though. I remember copper going from under 1$ to over 3$ in a very short period. Basic things we all take for granted like that are going to be very valuable in the future. The thing about gold is it holds is value when they inflate the currencies. Currency naturally loses value because all you have to do is get a bank loan to increase the money supply which is just credit on computers. The banks make that poof out of thin air. Gold isn’t like that, and it is accepted every where.
Secure Metals Inc – Important GOLD Alert
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