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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