"Traditionally, Gold Has Been A Store Of Value When Citizens Do Not Trust Their Government Politically Or Economically" → Washingtons Blog
"Traditionally, Gold Has Been A Store Of Value When Citizens Do Not Trust Their Government Politically Or Economically" - Washingtons Blog

Wednesday, March 18, 2009

"Traditionally, Gold Has Been A Store Of Value When Citizens Do Not Trust Their Government Politically Or Economically"

As Time Magazine notes:

Traditionally, gold has been a store of value when citizens do not trust their government politically or economically.

Given that trust in governments all over the world is plummeting due to corruption and mismanagement of the financial crisis, that bodes well for gold.

Note 1: As Time also points out:

The sheer amount of speculation in gold and uncertainty in the foreign-exchange market will keep gold prices as volatile and unpredictable (i.e., risky) as ever. Like any financial market, the gold market is susceptible to manipulation.
Note 2: I am not an investment advisor and this should not be taken as investment advice.

No comments:

Post a Comment

→ Thank you for contributing to the conversation by commenting. We try to read all of the comments (but don't always have the time).

→ If you write a long comment, please use paragraph breaks. Otherwise, no one will read it. Many people still won't read it, so shorter is usually better (but it's your choice).

→ The following types of comments will be deleted if we happen to see them:

-- Comments that criticize any class of people as a whole, especially when based on an attribute they don't have control over

-- Comments that explicitly call for violence

→ Because we do not read all of the comments, I am not responsible for any unlawful or distasteful comments.