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You dont buy gold as its stable. You buy it as it's; 1) A generally appreciating asset 2) It physically exists (or is backed by exiting material). And most i

• Mikeb85 10y ago
  > 1) A generally appreciating asset It's down in the last 5 years. Also, all assets are generally appreciating because of inflation. > 2) It physically exists (or is backed by exiting material). This doesn't actually matter. All prices are set by what buyers will pay. Some things, like currencies or bonds, are backed by governments or physical assets like real estate, other commodities, land, etc... > 3) It is a flight to safety commodity so when things go bad you expect to make money. As are other assets and securities. Again, nothing inherent to gold. > Maybe people do attribute more to it than it deserves but its disingenuous to pretend it doesn't have a special place in financial markets. You could argue every commodity has a 'special' place in financial markets. I'm not arguing gold isn't real or is worthless - it does have value because of its use in electronics as well as in adornment and its historical use as currency. What I am arguing is that: > Maybe people do attribute more to it than it deserves