So you're telling me to invest heavily in something that goes up and down in the short term, but over the long term has had something of about a 3% return after everything's said and done? No thanks.
All my investing is for 5 years or longer, in products that have a good 5, 10, or even 20 year track record. They're diversified in several different mutual funds and some other stable items.
If the economy does collapse(which isn't gonna happen anytime soon. there have been a TON of naysayers for years and years, all saying that the market would crash at some specified date. When that date came and went, so did they.), you're gold isn't worth beans. In fact, beans would be worth more. According to a very rich financial advisor I trust, in every recorded incident where an economy collapsed, the first thing to rise from the ashes was a barter system. No one cares about money, paper or otherwise at first. They care about survival.
Gold has some "cool" factor to it, and it also appears to have credibility because we *used* to be on the gold standard.
If you're so worried about the US economy, there are plenty of foreign Mutual funds out there that are stable.
Not to mention the fact that all those "buy Gold" radio adverts and encdorsements you hear on talk radio and other stations are purchased with some very high pressure tactics. The methods vary, but they all include a script and a nice endorsement check, which the radio show host probably cashes and puts in a mutual fund.....
Why not just stock up on a few hundred semi-automatic handguns as a long-term investment?
