| | | I'm far more comfortable with gold, given its 5,000 history. Very reasonable reasoning. However, I can't help being skeptical of gold's current price. Gold cost around $19 per ounce in 1914. Today, it's close to $2000. In comparison, 19 dollars in 1914, in today's money, is equivalent to around $500. Gold looks a little like a growth stock to me currently – sure, the debasing of currencies may make that warranted, but it still looks inflated to me. Remember, there is always a well-sounding explanation for why something is expensive – still, expensive is expensive though.
That being said, I own gold and silver too, as I've mentioned before. If one needs insurance, one buys it even if the price of insurance may seem a little steep. |
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