Comments on: It’s the Second Gold Rush as People Seek Safe Place for Money

By: pease

pease — Sun, 19 Dec 2010 03:37:40 +0000

Are self-found, gold nuggets, flakes, and dust, worth holding? Should they be sold for less than oz. price to be refined? I guess what I’m asking; could native gold be used as accurate currency, in desperate times?

By: John

John — Thu, 16 Dec 2010 19:57:17 +0000

Great article. Gold just keeps going up and up.

By: jason

jason — Thu, 02 Sep 2010 01:26:14 +0000

I LIKE GOLD

By: moneycometh

moneycometh — Mon, 09 Mar 2009 04:37:05 +0000

I think your prediction is right on. I can also remember when all of those people lost money on their gold investment.
This why a lot of advisers recommend people who do not have the stomach to invest really high not to go into gold.

By: John

John — Mon, 29 Sep 2008 16:57:12 +0000

I agree with the first commenter, but you missed the metal’s purpose (as did the droves buying ETFs). Gold is not an investment, it is a storage vehicle. Once you are literally sitting on a pile of metal, no bear can take it from you. Your only risk is a guy with a mask and a gun.

Investment, on the contrary, is putting forth risk for the hope of making a gain. You could earn enough to eat in retirement or to retire in Tahiti. Then again, you could lose it all. People are buying gold (metal) to reduce the chance of the latter. People buying ETFs only think they are.

By: Ryan

Ryan — Mon, 29 Sep 2008 12:31:37 +0000

In my view gold is almost always a terrible investment. Here’s why: investment is all about putting money to work to produce wealth. Gold is not a productive vehicle. It just sits there. Well run corporations are productive vehicles. Gold never created a single technological innovation. Corporations have created computers, brilliant software, vehicles that fly across the world, etc. At the end of the day, over the long haul, the best investment is always going to be in the well run corporation.