Quote:
Originally Posted by u-Bob
Well, there's 2 reasons why one would own gold: one of them is trying to make a profit like you just described. The other reason is to protect your wealth against inflation.
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If your objective is to protect against inflation it's much better to buy a mix of commodities... that way you will be protected against inflation equally well, but your risk will be minimized... or just buy "Treasury Inflation-Protected Securities (TIPS)", and get protection against inflation with practically no risk...
so lets be real here, almost no one buys gold for protection against inflation... they say they do, but they buy it to speculate hoping the price will really go to $5k/oz...
