The market for gold as coins and bullion has been going well on average, over the years, 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. And gold does not earn income or revenues upon which to establish intrinsic value.
In bad times, it’s a psychological defensive weapon in many ways, but psychology often changes.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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