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Not sure why you're being downvoted. It's a valid thought. And Warren Buffet agrees gold is not a good choice because it's not a productive asset. A bar of gol
by Reedx 7y ago
Not sure why you're being downvoted. It's a valid thought.
And Warren Buffet agrees gold is not a good choice because it's not a productive asset. A bar of gold in your safe won't produce anything. After 50 years it's still just a bar of gold. Compare that to what the market does over 50 years.
It's better to buy farmland or part of a company or a property that you rent out. Productive assets.
- sangnoir 7y agoWhich market, and which 50 years? Looking at a global inflation map, one would have fared better with gold in a surprisingly large number of countries. I will concede that the US has had a great past 50 years - but I do not believe in infinite growth from finite resources, on the other hand I'm not going to hazard a guess as to when the growth will slow down. > After 50 years it's still just a bar of gold. Not rusting or otherwise degrading is a great thing. Gold is not just pretty to look at, it has great electrical properties that make it useful to industry