Originally Posted by sheriff733
Here is Dave Ramsey's take on it, and I tend to agree with him.
" It sucks. Gold is a horrible investment. It's speculating in precious metals, and you're going to lose you butt when you play with gold. The deal with gold is really simple.
Dave Ramsey needs to conduct an intervention with Obama and Congress. The Ben Bernank can sit in too. If they would take his advice we would not need to worry about gold.
If gold is a silly way to store wealth, why did they go off the gold standard just a mere 42 years ago?
Why do central banks store it? Why does China, Russia...George Soros...John Paulson...buy it?
Remember, all fiat currencies like Fiat cars have a lifespan.