GOLD 0.51% $1,391.7 gold futures

Shares of companies that make and do things, what does gold do?...

  1. 33,109 Posts.
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    Shares of companies that make and do things, what does gold do? Nothing. Warren Buffett quite correctly said it just sits there and looks at you, whereas farmland or property for example will provide an income. People need places to live and food to eat. Do they need a 'stack'?

    There might be a few 'stacks' coming on the market soon as interest rates rise and banks crack the whip when mortgages aren't being paid. A neighbour of mine is a banker, he told me crunch time is 3 months away...in NZ anyway.

    I'm not advising anyone, if goldbugs are eccentric enough to 'stack' gold or silver hoping it'll go up good luck, but an inflation-adjusted chart will prove what a dud it's been.
 
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