gold, page-84238

Did I say that? Gold bugs are just as bad. My question was valid, what would you be happy with if you bought a real life business, when would you like your money back? Paying a million bucks for a laundromat that turns over 25k a year is not good business. This is basically the valuations put on the market in the current environment.

The point I was trying to make is that buying a company with a huge PE ratio just doesn't make sense to me in this environment where the economy is going down the gurgler. They might well keep going to the moon, thats why part of my investment portfolio is stocks, short term capital gains! I just can't see how they can keep justifying the huge valuations on companies with no revenue in sight. The stock market will correct itself back to fair value soon enough.

I only use gold as a form of saving, in the hopes of avoiding cash that gets inflated away to nothing. Investing in gold for a quick buck is pointless in my opinion.
Inflation is coming in a big way and bidding up stock markets can only last for so long until people realise it was only the money printing. Gold is a means of preserving wealth for the future, in 20 years when we are on a new digital currency system, whatever it is, gold will still have maintained its purchasing power. Go and read a bit of monetary history!