So far so good for gold. Gold is rocketing. There are reasons I am not participating. First, Regardless of how good it sounds, as a standard, I never buy into foregone conclusions. More importantly, in my 76 years, I have never known of a case where any commercially advertised investment has proved to be profitable
For decades, gold has been advertised on talk radio and other venues as if it was an ideal investment. This is such a red flag, my experience won’t let me touch it. Is the sky the limit? Central banks are buying gold. How smart are central banks? Below is a headline I clipped this morning.
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