The Truth About Gold That Neither Bugs Nor Bulls Like to Admit
The Truth About Gold That Neither Bugs Nor Bulls Like to Admit - Hallo World !!! News Today in World, In this article you read by title The Truth About Gold That Neither Bugs Nor Bulls Like to Admit, We've prepared this article well so you can read and retrieve information on it. Hopefully the contents of the post
Article Salisbury News, What we write can you understand. Okay, happy reading.
Title : The Truth About Gold That Neither Bugs Nor Bulls Like to Admit
link : The Truth About Gold That Neither Bugs Nor Bulls Like to Admit
You are now reading the article The Truth About Gold That Neither Bugs Nor Bulls Like to Admit With link address https://newstoday-ok.blogspot.com/2018/05/the-truth-about-gold-that-neither-bugs.html
Title : The Truth About Gold That Neither Bugs Nor Bulls Like to Admit
link : The Truth About Gold That Neither Bugs Nor Bulls Like to Admit
news-today.world | Let’s talk about Gold as an investment.
Gold is one of the most divisive asset classes on the planet. Stock-centric investors such as Warren Buffett think it’s a worthless “pet rock” that fails to appreciate in value. Gold bugs, on the other hand, revere the precious metal with an almost religious-like ferocity.
Both of these views are misguided particularly when you apply them to a framework that involves TIME.
The fact that Buffett accrued his great fortune during a brief period in which the financial system was based solely on fiat currency has lead him to view Gold with contempt. However, the fact remains that Gold has been a storehouse of value for 5,000 years.
Based on this alone, Buffett’s ideology is myopic. To sneer at Gold is to sneer at the history of money.
However, Gold Bugs are no better in that they focus too much on this “5,000 year metric.” The fact remains that since 1971, Gold has ceased to operate as a storehouse of value in the same way as it did during the other 4,962 years.
I’m NOT saying Gold is no longer a storehouse of value… I’m saying that Gold no longer stores value as it did PRIOR to 1971.
The reason for this concerns the fact that the world is now in a completely fiat-based financial system in which Central Banks can print tens of billions of their currencies at a whim. This opens the door to abject manipulation of Gold prices.
More
Gold is one of the most divisive asset classes on the planet. Stock-centric investors such as Warren Buffett think it’s a worthless “pet rock” that fails to appreciate in value. Gold bugs, on the other hand, revere the precious metal with an almost religious-like ferocity.
Both of these views are misguided particularly when you apply them to a framework that involves TIME.
The fact that Buffett accrued his great fortune during a brief period in which the financial system was based solely on fiat currency has lead him to view Gold with contempt. However, the fact remains that Gold has been a storehouse of value for 5,000 years.
Based on this alone, Buffett’s ideology is myopic. To sneer at Gold is to sneer at the history of money.
However, Gold Bugs are no better in that they focus too much on this “5,000 year metric.” The fact remains that since 1971, Gold has ceased to operate as a storehouse of value in the same way as it did during the other 4,962 years.
I’m NOT saying Gold is no longer a storehouse of value… I’m saying that Gold no longer stores value as it did PRIOR to 1971.
The reason for this concerns the fact that the world is now in a completely fiat-based financial system in which Central Banks can print tens of billions of their currencies at a whim. This opens the door to abject manipulation of Gold prices.
More
That's an article The Truth About Gold That Neither Bugs Nor Bulls Like to Admit
Fine for article The Truth About Gold That Neither Bugs Nor Bulls Like to Admit This time, hopefully can benefit for you all. Well, see you in other article postings.
You are now reading the article The Truth About Gold That Neither Bugs Nor Bulls Like to Admit With link address https://newstoday-ok.blogspot.com/2018/05/the-truth-about-gold-that-neither-bugs.html