Are gold investors smarter than you?
“People who buy shares for capital growth, and bonds for diversification are ‘investors’, on this view. And remain ‘investors’ even if said assets have negative cash flows. But those buying gold for these reasons are ‘gold bugs’, not pure investors. Or so the thinking goes. In my view, it is time to accept that gold buyers are investors – and often very good ones at that. As in many respects, gold is one of the best investments there is.”
USAGOLD note: Posted and linked without comment ……
Repost from 8-11-2020