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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: jmiller099 who wrote (255474)	6/18/2010 11:47:29 PM
From: RetiredNow	Respond to of 306849

Well, I've always liked the idea, but gold is kind of like fiat currency in that it's only worth something because that's where people put their money when they don't believe anything else is worth anything. I'd rather invest in something with more intrinsic value. Something that can generate a cash flow, rather than a precious metal that has no industrial purpose, but can make you money only if someone else will buy it from you at a higher price because they are running from something else. That is my problem with gold. It's like the greater fool theory. I don't like to get on treadmills like that.