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Gold is not an investment

Posted on 12 October 2011

With gold appreciating against nine of the world’s major currencies, one could easily conclude that gold has been an attractive “investment”, but appearances can deceive. Gold does not generate cash flow, so it cannot be an investment. An ounce of gold purchases the same amount of crude oil as it did 10 years ago.
When viewed this way, gold is not an investment, because it would not have increased your wealth over these periods. Rather, gold would simply have preserved your purchasing power……………………………………….Full Article: Source


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VRS - who has written 39021 posts on Opalesque Commodities Briefing.


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