SimpleSimon - what part of 'consuming' does copper have over gold? I don't get the counter-argument against gold having no tangible real benefits.
Sure it can't be eaten etc, but like any metal such as copper it is consumed through industrial applications, personal applications (jewellry/vanity etc) amongst other things. Sure, the price will be dropping due to specualtive investment behind the whole 'hedge against curreny inflation/destabilisation etc' - but at the end of the day it has jsut as much of an use to be sold as any other metal commodity. It therefore generates cash and it DOES do something. I don't see why people like buffet or you continue to say it does nothing when clearly it has just as much of an use as other items people buy and sell.
You don't need to 'consume' makeup - but that doesn't stop companies behind these products operating and making profit out of it, and therefore there's an investment case possibly there. Same as gold.
Can't disagree that yes prices may drop with the specualtive end/demand falling back.
MYG Price at posting:
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