Gold is what it is and whilst people are buying it, it is worth something. The great thing about it, it has been around since the dawn of time and will continue far beyond our lifetime. Paper money is a modern day experiment, and the problem is that no-one knows how it is going to end..
As far as I am concerned Buffet is a banquet of food.
He, the person, uses his opinion in support of govt so the money printing presses run hot so his businesses don't crash. Just like many others his opinions support his own pursuits.
Govt's can manipulate currencies, property is a place to live, gold can be use dto trade for goods and food, and stocks, they come and go...such is the business cycle. Gold is there to be touched, seen, smelt and is real.
All I know is that gold has gone up for 11 years in a row and every year it is predicted to go lower. Good thing about charts is they tell a story.
When I see a blow off on the chart , and when mums and dads are buying the stuff, just like the property bubble, I will sell! Until then, it is a buy at any level.
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1 | 14434 | 0.096 |
3 | 60788 | 0.095 |
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2 | 30761 | 0.092 |
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