Thursday, March 25, 2010

The Gold Myth

He believes gold to be a bad investment. I agree that the historical rates of return on gold have been around 2% to 4%. Not good on a long term basis.

I disagree with him about what to do in times of economic collapse, though. In those kind of times, gold can be a safe place to stash your cash until times get better. At least you know it won’t loose value.

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