Comments on: Hoarding gold makes sense only for the hopeless http://blogs.reuters.com/breakingviews/2011/07/19/hoarding-gold-makes-sense-only-for-the-hopeless/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: DrJJJJ http://blogs.reuters.com/breakingviews/2011/07/19/hoarding-gold-makes-sense-only-for-the-hopeless/comment-page-1/#comment-8168 Wed, 20 Jul 2011 17:05:11 +0000 http://blogs.reuters.com/columns/?p=6611#comment-8168 Gold avg 250-500 for the last 30 years with the exception of a spike or two and the last few years run up! Be careful folks, about the same odds as a casino experience! Yes, we’re in crisis and it’s an international medium of exchange, but it’s driven by rumors, speculation and fear! Put your faith/trust in God, all others pay for internity!

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By: iflydaplanes http://blogs.reuters.com/breakingviews/2011/07/19/hoarding-gold-makes-sense-only-for-the-hopeless/comment-page-1/#comment-8167 Wed, 20 Jul 2011 16:03:52 +0000 http://blogs.reuters.com/columns/?p=6611#comment-8167 Some people go so far as to think that in the event of a crisis they will use their gold to buy things. Let me tell you, if a crisis hits and I have food while you have gold, I ain’t trading.

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By: USMCPatriot http://blogs.reuters.com/breakingviews/2011/07/19/hoarding-gold-makes-sense-only-for-the-hopeless/comment-page-1/#comment-8163 Wed, 20 Jul 2011 03:00:26 +0000 http://blogs.reuters.com/columns/?p=6611#comment-8163 Let’s be realistic here. Gold is for all practical purposes a metal with no use other than for jewelry or in electronics. Otherwise it only has scarcity going for it. It is the latter that provides a degree of security for those loosing faith in currencies. Realistically that isn’t difficult to do in times of uncertainty. As an investment it is possibly the most risky one can place confidence in for growth. Actually gold is a good example of what goes up must come down, especially when wild spikes occur. One has to believe no currency will have value to buy into it during rapidly rising prices.

Today, even if there should be a major crash, gold in the long run is probably a very bad investment with a loss potential of 50% if one buys into it now, just to hoard or even for some perceived safety net. If more than 10 to 15 percent of ones investment funds are place into it you’d be taking a horrible risk.

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