Originally Posted by Tombstone RJ
The thing about gold is that yes, it's a precious metal but it's only real function is for jewelry or for hoarding in a vault somewhere.
In other words, it has no real use (yes, yes, there are some practical applications but overall it's a static commodity).
If everyone's economy tanks, if the world goes into a deep depression, if the US economy goes down the stink hole, what will all of this do to the price of gold? In other words, who is gonna want gold and why would they want it?
What does it matter if you have a billion $ in gold if no one can use it?
I'd rather be financially vested is something that everyone NEEDS. Titanium, platinum, etc...
gold is valuable becauise they have to claw it out from your cold, dead hands.
Let me ask you this.
Diamonds are rocks. They are worth nothing.