Gold is Dead – and Neitzsche had nothing to do with it »
Posted By swimneil 9 months ago in Business & FinanceSome say that it doesn’t matter when you buy gold, that you should buy it regularly and always, and that it represents the only true store of value. Fair enough. When all is said and done, buying gold may be the only means of acquiring real wealth for the very long term. Especially today, when all major currencies are devaluing by hook or by crook – some voluntarily, others not so – it behooves an investor to shore up his gold holdings.
Yet at the same time, from a pure investment point of view, it’s never a good idea to sink money into a depreciating asset. That’s what the smart guys call “dead money.” And when it comes to gold, which neither pays a dividend nor offers interest, a decline in value against other asset classes is not something we want to bear, if given the choice.
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