Only Gold Lasts Forever

Thursday, June 22, 2017
By Paul Martin

By: GoldCore
GoldSeek.com
Thursday, 22 June 2017

This current state of play won’t last forever. Only Gold lasts forever

Some days it can feel a little rough being a gold investor. In today’s article Dominic Frisby is certainly feeling that way. Sometimes it can be all too easy to get caught up in the day to day chat around prices. Some forget that the reasons why they invested are still strong, even if it feels like the price isn’t.

Frisby reminds us that ‘We know government finances do not pass basic safety standards. We know there’s too much debt. We know asset prices are overvalued.’ and we must keep reminding ourselves that this is unsustainable and cannot go on forever.

What will last forever is gold. This is one of the major reasons for investing in bullion; it is not just because of the price. Prices change according to the damage done by governments as well as other factors, but gold’s physical form, intrinsic value and role is here to stay.

Dominic Frisby via MoneyWeek

Remember the Noughties? What a decade that was for the gold bug.

“Gold is undervalued”, you began the decade by saying. “Silver too – even more so. Gordon Brown is a fool to have sold at these prices. There is only one way this market can go and that’s higher.”

Gold? Silver?” people would say with a slightly confused expression on their faces. “Why would I buy them? Why would anybody buy them? And how do you buy them? Do I just go and buy ingots or something?”

“Yes”, you would say. And they thought you were even more barking.

But then the gold price rose. Silver too. By 15% one year, by 20% the next. You might have been potty, but, fair play, you’d called the market. Anyway, it’s moved now. Too late.

“No, you don’t understand”, you would say by about 2005. “It’s not too late. There are new ways to buy now. Exchange-traded funds, online bullion dealers, you name it. You really should buy some. You want to have some of your wealth outside of the system.”

The Rest…HERE

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