Why you need to own Gold?
الخميس، 18 أغسطس 2016
It is easy to hate on Gold ,Gold doesn't generate any cash flow
there is no reason to invest in it ,but these arguments completely miss the point
owing Gold is not about conspiracy theorice or holding on fringe beliefs
it is not about generating cash flow or acquiring yield .
Owing gold today is about insurance.
Every since the U.S currency went off the Gold standard in 1970 , the price of gold has served as measurement of the economy's pulse ,we can see this by tracking its relationship to the dollar
When the dollar is strong Gold doesn't hold its value,but when the dollar is shaky ,Gold becomes a much stronger asset
where is the dollar today ? The dollar has been on a tear , however when inflation on the rise, the dollar stands to decrease in value over the long term and since the dollar inextricably linked to the U.S economy
a fragile dollar does not bode well for the U.S economy , but that is not what you are hearing
the pundits on wall street , would have you believe the economy is on an upward tailspin.
Gold prices should be heading lower in expectation ,and yet they haven't budget , Why?
it sees the cancerous American economy for what it is and until we get definitive proof that it's truly stable
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