Well you can't eat houses either... and if you are buying one as an *investment* you also don't live in it. So it is only useful as a money making investment.
Besides I was just making a point, gold is labeled as an investment and yes people will get screwed, it always happens.
People buy in expecting to make squillions forcing the price ever higher. It happens in real estate, it happens in the stock market, it's even happened in tulips. Then people sell...
Call it a ponzi scheme if you like, but thats just how markets work. Fear & Greed.
The idea though is to realise all this and try to profit. Buffet is an awesome investor but it might pay to dig a little deeper and find out the real reason why buffet doesn't invest in gold.
Yes other commodities have also been powering along, but we single out gold here because...well, this is a gold forum of course :) Talking about copper prices would be slightly off topic.
gold in a negabubble!!, page-7
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