This could probably apply to a lot of markets.
I’ve written too many times about all the reasons I’m not a fan of gold as an investment, even if it’s only a part of a diversified portfolio. I know, I know— “It’s a currency of last resort.” Or maybe, “It’s always been a store of wealth in times of inflation.” But something doesn’t strike me right about an “investment” whose only purpose is to wait for the next buyer to come around.
I’ve written that a bunch of times. So with this video send-off, I promise not to write about gold until next year. This was created using a text-to-speech moviemaker called Xtranormal. I’d be generous if I called it b-movie quality.
Obvious hat-tip to Warren Buffett, and the numbers in here were based on an estimate of how much gold exists in the world that I found on a rather random website. So take it with a grain of salt.