Buying Gold is Not Investing
Gold has enormous masses of followers and even fanatics who think that it’s the best possible investment someone can make in the current economic and political environment, perhaps even the only reasonable one. Especially now that volatility has increased and the price of gold has taken a serious hit, the discussion is getting more intense and louder than ever.
Gold bulls are pointing fingers and talking about price manipulation among other causes for the transitory setback, and they claim that the current retracement will look like an unbelievable buying opportunity a few years from now. They may easily be right, but none of this changes the fact that gold has no intrinsic fundamental value, and investors need to consider the risks that this encompasses.
