Your analysis of gold's efficacy, in today's markets, operates on a false dilemma. You are trying to make the case that gold is a poor investment, because not only was it in a multi-decade bear market, but especially because a certain personality type with a certain world view typically hoards gold, and you find that personality type, uuhm, silly.
Which is fine. I myself have made some of the same observations about die hard gold bugs over the years
But you see, the thing is, making a case about the people who have owned gold or advocated gold is not a cogent argument about gold itself.
I advise you to enjoy your crticism of gold bugs, if you must--but, you should try something new. Try to learn the history of gold, and understand why it's been very operative this decade, and especially now.
BTW, I have enjoyed enormously your posts over the past year at iHub. Really solid commentary and great chart work.
Best,
Gregor |
