Really? Gold is a lousy investment?
I agree, given the recent past 200 years when debt levels have been lower.
However, there is now a significant risk with the current paper currency.
I hope that I am wrong with the assessment of the political situation and the American people. I think the US has not the "guts" to fix the financial problem and their choice of leaders. They demonstrate to me that the Americans yet do not understand. They know there is now a problem but expect all they have to do to is elect another that promises them that there is no pain. There will be pain on correcting years of problems. I do not think US yet ready for it. More kicking the can.
Yes, Gold Is a Decent Inflation Hedge, But It's a Lousy Investment -- Seeking Alpha
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