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16-10-2013, 10:44 PM
I vested about 5% of my portfolio in gold, a small amount.
I agree with Musicwhiz and value investors that gold/silver are not actual investment, they do not provide any economic value unlike stocks and bonds.
and they do not necessarily correlate negatively to stocks.
I think the main use of gold/silver is mainly to preserve your wealth in an inflationary environment, where governments are printing money like crazy.
I would view my small investment in gold as a long term arbitrage trade as I feel that gold prices are artificially kept depressed by the futures market and my mistrust of the us government which i think is effectively bankrupt.
I agree with Musicwhiz and value investors that gold/silver are not actual investment, they do not provide any economic value unlike stocks and bonds.
and they do not necessarily correlate negatively to stocks.
I think the main use of gold/silver is mainly to preserve your wealth in an inflationary environment, where governments are printing money like crazy.
I would view my small investment in gold as a long term arbitrage trade as I feel that gold prices are artificially kept depressed by the futures market and my mistrust of the us government which i think is effectively bankrupt.