Gold,.. an ounce of gold is about the size of a poker chip. A gold bar if you could sell it for the amount you see on the commodities charts is worth what most homes are worth. Think about it you could own your own home outright for a bar of gold. Which would you rather have a gold bar that sits in a safe? or a home? If you bought an ounce of gold, could you really sell it that easily for what it is worth? could you turn it into cash? Could you buy anything with it? Would the person be able to test the gold that accepts your gold? We have all seen the sign spinners we buy gold, or send your gold jewelery in the mail ( do you trust the us mail to send gold ? who are you kidding? ) You can get around 50 - 60 cents on the dollar if you sell your gold in one of those we buy gold joints. They basically take it and melt it down. Here is what I am saying, you can buy an ounce of gold but you cant spend it all that easily and you will lose half of it if you don't have a way to sell it properly. When I was in high school in the early eighties gold shot up from under 300 an ounce to 765 an ounce. I recall a math teacher buying gold near the end of the wave. She emptied her bank account and bought gold at 730 an ounce. follow me here... it was only a few months later it was worth half, Yes gold dropped back down to 300 an ounce give or take and she was holding poker chips she couldn't even sell for the 300. She sold her poker chips for around $150 an ounce. She basically reduced her savings 75% in a few short months.
Does gold earn you money each month like the money a renter would pay? NO
Does gold give a family shelter? NO
Does gold go up and down in value? Yes, Gold usually goes up in value when the economy is taking a hit. When the economy starts to turn around will the brokers who sell your gold answer the phone? You would be surprised to hear that commodities brokers do not run to answer the phone so much when commodities go down in value.
You can't really spend it. It does nothing. Yet people find it to have a money value. Did you know that for the most part the people who like to have gold jewelery are those who are calling out "Look at me!" Gold is for the insecure people and we have no shortage of insecure people. Some like gold as a wedding ring, earings, a cross or a heavy watch. Gold in electronics is one of the best conductors, but usually too expensive to use. Other than that you have poker chips, gold bars,