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