Quote from Covertibility:
Anyone you know get rich off "investing in gold?" Most people who talk about investing are in a long term timeframe. Most "gold bugs" who tout the yellow rock are those missed out on one of the greatest bull markets of all time with their obsession of this frivilous metal.
We understand why investing in equities makes sense and why they rise over the long term. Whats the reasoning for investing in the yellow rock ?
Quote from m22au:
I understand your argument, but before I can make a sensical reply I'd like to know what you mean by "long term".