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Gold rush people
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I don't know who would be dumb enough to consider it a full replacement for stocks.......But there's nothing wrong with giving it say 5% of your portfolio. And as for "offers no income, no dividend, no earnings", you could always invest in mining stocks instead of the actual metal.
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Gold will continue to be a good investment right up until it isn't. That is no different than tech stocks, oil, real estate, or any number of other investments.
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Why buy gold or gold stocks when you can pan the stuff right out of the stream? Up in Blackhawk, they built a ton of Casinos right next to Clear Creek, a great place for panning gold. So you can gamble either way.
I know of several sand and gravel quarries that made more money from the gold they washed out from the sand than they did from selling the sand and gravel. |
I invest in bullets and flame throwers. Gold will do you no good when th zombies attack.
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Thank Glenn Beck for the amazing marketing to idiots.
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As well as the "canned food & ammo" crowd |
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I'll invest in beer. :)
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