A typically narrow minded comment which is beyond ill informed.
I would like to know where you would put your money when you want to preserve its value???? The USD? Bonds? That's toilet paper - watch them fall. The US is bankrupt - why don't people see it?? The only thing holding it up the USD is intervention. What happens when the intervention stops - it can't go on forever champ!! It's like standing in front of a freight train.
Also, why don't you make the same comment to those nice people in Argentina who have just seen the value of their currency evaporate into thin air. Their money, together with that of Turkey, Russia and many more is worthless!!! It's paper and that's it!! What would have happened if those people had minimal currency holdings and investments in metals?? I would say they'd be a lot better off now rather than busting down doors to get at their precious paper.
But wait I think that you have a good point. Gold is way overvalued considering that there is a shortfall in supply of over 10,000t. That could be it!!
Or no wait, maybe it's the fact that CBs around the world are selling their gold to cover the shortfall. Yep, that's what makes gold overvalued.
Maybe you can tell me why there is a concerted effort to suppress the price?? Why are CBs selling? To invest in the DJIA or USD????? Yeah great investment!!! Why is everyone so scared of a rising gold price??!!
Face it, there is more to gold than you can explain - so don't show your ignorance by making comments like that.
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