Comments on: It’s the Second Gold Rush as People Seek Safe Place for Money http://www.businesspundit.com/its-the-second-gold-rush-as-people-seek-safe-place-for-money/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 20 Nov 2009 20:31:15 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: moneycometh http://www.businesspundit.com/its-the-second-gold-rush-as-people-seek-safe-place-for-money/comment-page-1/#comment-12750 moneycometh Mon, 09 Mar 2009 04:37:05 +0000 http://www.businesspundit.com/?p=5594#comment-12750 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. 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 http://www.businesspundit.com/its-the-second-gold-rush-as-people-seek-safe-place-for-money/comment-page-1/#comment-9286 John Mon, 29 Sep 2008 16:57:12 +0000 http://www.businesspundit.com/?p=5594#comment-9286 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. 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 http://www.businesspundit.com/its-the-second-gold-rush-as-people-seek-safe-place-for-money/comment-page-1/#comment-9281 Ryan Mon, 29 Sep 2008 12:31:37 +0000 http://www.businesspundit.com/?p=5594#comment-9281 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. 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.

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