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Skol

33,202 Posts.

1405

23/06/20

05:52

Post #: 45380724
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Originally posted by aldo: ↑

I have to disagree with you regarding Gold. Gold itself (the physical object) is not an investment. There is no expectation of return in terms of dividends and so Gold should be regarded differently.
The primary function that Gold performs is to act as a store of value and as a hedge against inflation especially in a world of unbridled monetary expansion and continually debasing of fiat currency.

There is hope among those whom own Gold for there to be an increase in price more than the rate of inflation BUT it is not an expectation.

In March we witnessed a huge drop in equity stocks which was not reflected in the fiat price of Gold and in this case Gold demonstrated its value and fulfilled its main function of retaining relative value.

Can you really not understand this simple fact?

Expand

Gold might act as a "store of value" to you, but to 99.9% of people, it's regarded as a metal, along with others listed in the Wall Street Journal.

You might ask the gold 'stackers' back in 2012 how the 'store of value' performed versus stock markets.

Last edited by Skol: 23/06/20
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