The market for gold as coins and bullion has been going berserk, thanks to the weakening dollar. I have frequently commented on this because I feel gold can be speculative for most folks who have no idea about its downside.
It can fall sharply, with any attempts to balance the U. S. budget, which will have to be done if the country is to avoid becoming another Greece or Portugal. And gold does not earn income or revenues upon which to establish intrinsic value.
It’s a psychological defensive weapon in many ways and psychology changes.
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