Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Gold: An Ancient Metal That Has No Function Besides Being Shiny

Print comment Post Comments
GOLD
DailyFeed
Via Barry Ritholtz at The Big Picture, who pointed it out to us, comes this video about owning gold.

Key excerpt:

- So you believe the governments reports on how much gold they have but not on how much cash they have?

- Yes. Gold does not lie.

- You cannot spend your gold anywhere, and if the world ends how do you intend to measure your gold? And what would you spend it on?

- Gold will be worth more then so I will buy things.

- Well if the world is ending, you can take out a loan from me. Then you will not have to pay me back later.

- No, I want gold.

POSITION:  No positions in stocks mentioned.
TICKERS:  NYSE:SPY, NYSE:GLD   

TICKERS