Comments on: Fear factor driving gold higher http://blogs.reuters.com/summits/2010/10/05/fear-factor-driving-gold-higher/ Exclusive outtakes from industry leaders Fri, 24 May 2013 05:55:31 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Magnoliabel http://blogs.reuters.com/summits/2010/10/05/fear-factor-driving-gold-higher/comment-page-1/#comment-1704 Magnoliabel Wed, 06 Oct 2010 09:44:55 +0000 http://blogs.reuters.com/summits/?p=5282#comment-1704 Investment advisor made this statement in the article: “If we did have a global financial meltdown, what do these people think they could actually do with the gold,” said the investment advisor. This is why I handle my own investments. Compare yield in gold to yield in stocks for the past 10 years. Gold made 10%-15% more than stocks and didn't decrease in purchasing power. In the economic climate that we have now gold is safety and it makes wealth for the investor. Investment advisor made this statement in the article: “If we did have a global financial meltdown, what do these people think they could actually do with the gold,” said the investment advisor.

This is why I handle my own investments. Compare yield in gold to yield in stocks for the past 10 years. Gold made 10%-15% more than stocks and didn’t decrease in purchasing power. In the economic climate that we have now gold is safety and it makes wealth for the investor.

]]> By: antikmalaya http://blogs.reuters.com/summits/2010/10/05/fear-factor-driving-gold-higher/comment-page-1/#comment-1703 antikmalaya Wed, 06 Oct 2010 02:53:15 +0000 http://blogs.reuters.com/summits/?p=5282#comment-1703 Eventually, Fiat Money will collapse if it continue to carry zero intrinsic value. Nixon Shock had removed the Gold peg. The amount of paper money is no longer justifiable to the worth of real economic activities. We can't abuse the system forever. One day it will collapse. So, the most practical solution to ensure survival is to keep gold as security. Gold is proven to survive the test of time. Gold is to be used as medium of exchange. Fiat Money will not last the test of time. Eventually, Fiat Money will collapse if it continue to carry zero intrinsic value. Nixon Shock had removed the Gold peg. The amount of paper money is no longer justifiable to the worth of real economic activities. We can’t abuse the system forever. One day it will collapse. So, the most practical solution to ensure survival is to keep gold as security. Gold is proven to survive the test of time. Gold is to be used as medium of exchange. Fiat Money will not last the test of time.

]]>