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Why gold is better than cash

- Alasdair Macleod - FinanceandEconomics

By the time paper money stops losing its value more than enough would have been lost. Consequently, the purchasing power of gold in real terms would have also suffered a set back inspite of gold's high worth at that time in respective currencies. Since knowing when paper money has stopped losing its worth is impossible to gauge, I feel percentage target based investments in gold be liquidated from time to time for cash. This will compensate for manipulations and unexpected negative turns in gold prices. If gold has breached $1700 today who knows next move will be towards $1600 or $1800.

Commented 4741 days ago

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Beginning of the headline :The question most often asked of gold bulls is, “At what price will you take your profits?” It is a question that betrays a lack of understanding about why anyone should own gold. Nevertheless, the simple answer must be, “When paper money stops losing its value”. This response should alert anyone who asks this question to the idea that owning fiat cash is the speculative position, not ownership of precious metals... Read More

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