12.10.2011 - Gold is not an investment
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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