17 Reasons To Avoid Gold
(Warning: Satire and sarcasm alert!)
Central bankers are managing paper currencies for the benefit of the people, not the financial and political elite. Consequently consumer prices are stable and there is no reason to own gold as protection from currency devaluations.
http://deviantinvestor.com/8828/17-reasons-avoid-gold/
The notion of gold being a good investment. When growing up, loads of elders fed me this crap about gold being a good investment alternative to realty or equity. Now that I understand these terms better, I say it's total BS. Gold ETF/ biscuits may be a good investment but Indians predominantly buy gold Jewellery. Gold ornaments have higher depreciation value and the re sale rate is always low, resulting in nobody selling them in the first place !
all depends on definitions. Investments should be seen as something productive, i.e. producing dividends, growth, capital appreciation. Gold, is none of that. Gold is money. Gold is a hedge. Gold is insurance. Gold is a safe store of value. I'm not counting gold ETFs as those. They are liquid investing products that are intended to mimic those in a short term, imo.
I hope that works out for you. Everyone needs to know the options and make as decision of what is best for them.
haha, that's an excellent article
What? You though it was a joke? :-)