The market for gold as coins and bullion has been rising, thanks to economic fears.. I have frequently commented on this because I feel gold can be too 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 eventually done. And gold does not earn income or revenues upon which to establish intrinsic value.
It’s a psychological defensive weapon in many ways; but psychology can change from time to time..(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole tweets.)
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