UffDa
Gold Member
- Joined
- Sep 11, 1999
- Messages
- 42,596
My financial advisor calls once in awhile to see if I'm still alive. We got on the subject of gold and silver. The guy who handled my accounts before him, now deceased,
had a saying. "A gold mine is a hole in the ground with a liar sitting on top." During the conversation I said the same goes for a precious metals dealer sitting behind
a desk. A liar. So, he tells me that they don't generally recommend holding a lot of physical gold, but having some isn't a bad idea. My response was that the people
selling gold say that it's protection against the next stock market crash and the failure of the dollar. If gold is such a good investment, why don't they keep it? On top
of that, when someone buys gold or silver, what do they use to pay for it? Those worthless American dollars? The truth is that a dealer makes money whether the price
of gold goes up or down.
Think about it. As usual, I could be wrong.
had a saying. "A gold mine is a hole in the ground with a liar sitting on top." During the conversation I said the same goes for a precious metals dealer sitting behind
a desk. A liar. So, he tells me that they don't generally recommend holding a lot of physical gold, but having some isn't a bad idea. My response was that the people
selling gold say that it's protection against the next stock market crash and the failure of the dollar. If gold is such a good investment, why don't they keep it? On top
of that, when someone buys gold or silver, what do they use to pay for it? Those worthless American dollars? The truth is that a dealer makes money whether the price
of gold goes up or down.
Think about it. As usual, I could be wrong.
