Scary times make people do scary things and it looks like right now a lot of people are parking their investment dollars in Gold.
This rally is about hoarding. That is what makes it scary and it is the reason why it is likely to continue till more optimistic economic news drives investors to more productive investments. Only 11 per cent of the annual 3,600 tonnes of gold consumed has any useful application, such as dentistry or electronics.
I say invest in people, but then I’m not rich and don’t have a lot of money to invest 🙂
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