The
market for gold as coins and bullion has been rising, 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 or Spain. 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.(See the Earl J. Weinreb NewsHole® comments and
@BusinessNewshole tweets
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