March 22, 2013
– Comments (1) |
RELATED TICKERS: GLD
Even in a Crisis, Gold is Fragile
I have a 1 ounce bar of gold. I will never sell it because it was left to me by my grandfather. I also have a message on my answering machine from my mother advising me to sell it because gold is up to $900 and will probably never get that high again. It did not in her lifetime. I cannot see the gold bar as an investment, just as a memory. A matter of perspective.
That is not to say that I wouldn't buy some gold coins if the price dropped down to $900 again. ;)