Commodities

In Precious Metals by Landmark Financial Advisors, LLC0 Comments

We continue to get asked about our opinion on investing in gold.  We are in absolute agreement with this quote that I found today that answers the question:

Commodities are not an investment.  An investment by definition is either current income or a stream of future income.  When you buy a commodity, you have to be assuming that you are going to be able to sell it at a higher price to someone else, because it has no income.  Thus, it is not investing – it is speculating.

Barton Biggs, Diary of a Hedgehog

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