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RE: Another Billionaire Warns of Catastrophic Depths Not Seen in 5,000 Years - and Emphasizes Gold

in #money8 years ago

I thought the world was ending last Friday...?! If you had bought the close on any major US stock market average Friday you would be up 3%+. If you bought Gold, you'd be down 1%...

The notion that gold will be a safe haven when the world's credit fueled bubble pops is misguided. If that really happens and things become as dire as you think, you will want to own real assets not stocks or gold... how do you eat or drink gold?!

Gold only works for small shocks and hyper inflation.