Gold is riskless. It may have short term swings, but it's guaranteed to be valuable, forever. Unless we find a concentrated deposit on a comet, and it's viable to mine. And then, all commodities will plummet and it won't really matter. Gold (and all of the heaver elements) are guaranteed to be rare in the universe because they're made in the rarest and most violent events in the universe. So if you're going to bet on something, Gold is as good as you'll get.
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Gold is riskless. It may have short term swings, but it's...
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