1000k again!!, page-6

  1. 1,218 Posts.
    I still don't get why people buy gold. You could invest USD 100,000 into gold and get 100 ounces. But if gold was to go to $2000 then you double your money all the time having the expense of storing it or the worry of keeping it at home. Meanwhile, efficient gold miners would find there share prices up 10 fold giving a much better return. Specs might be up 100 times. Those that could pick the daily trends could clean up more trading CFDs.
    Gold is for banks and those that do not have access to the market derivatives that move with gold. Once that would have been many outside the Western World. Nowadays, Chinese use the stock market like we buy lotto tickets. Indians wont be far behind. I don't know anyone who owns physical gold but many who cover themselves in the market via gold elated instruments. JMHO.
 
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