goldmember

Anyone who watches TV with the veracity I do must be tired of all the ads for companies selling gold. It was a wise investment maybe about 5 years ago. But now I’m going to take a stand – it’s a fool’s investment.

I have no evidence, no numbers, and I’m just going on my intuition which is based on the “dot com bubble” and the “real estate bubble” … but gold is in bubble territory.

A couple things to remember: all the inflationary worries caused by an out of control federal government are ALREADY built into the current price of gold – so as a hedge against inflation, it’s too late. Secondly, Gold prices can’t split (like stocks) and they WILL come back down eventually (especially once the economy heats up again). Your investment WILL lose value sooner or later.

Of course I’m sure there are some that will argue with me… just like “dot-coms” will never go down and that they’re a new way of doing business. Or how we’ve entered a new era of ever increasing home values. Yeah those worked out real well.

Now if I could just mine some gold – I’d be set.

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