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I'm no gold-bug. It's value is relatively stable. The fact that it is a commodity, or that it is not a currency, has nothing to do with its value. It is spec
by endswapper 10y ago
I'm no gold-bug.
It's value is relatively stable.
The fact that it is a commodity, or that it is not a currency, has nothing to do with its value.
It is special, in the sense that is is both a precious metal and an industrial metal, and it is also a common store of value, i.e. gold reserves.
Many incredible, valuable things are "dug from the ground."
Gold is not a bad investment as part of diversified portfolio.
To justinlardinois's point, the stability and risk duaneb refers to, are reasons fearmongers encourage divesting other holdings in to gold in times of instability.
- nradov 10y agoThe value of gold is not at all stable. It has higher variability than the S&P 500 index. http://finance.yahoo.com/chart/GLD#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 http://finance.yahoo.com/chart/GLD#eyJjb21wYXJpc29ucyI6IlZGS...
- endswapper 10y ago"Relatively stable," appropriately qualifies the statement and your link to a chart for a gold ETF is not support for your claim that, "The value of gold is not at all stable."