At current prices (
gold being somewhere in the vicinity of $1300/oz.), I'd bet of lead for maintaining or increasing its long term value.
Gold prices may go up even more, but IMO ultimately the price will go down. To me, buying gold in an exercise in irrationality (or something like that) - It's a bet that the price will not go down before you can sell it.
Sure, the wealthy can buy all the gold they want - The essentially have "money to burn". They can collect gold as a hobby.
Moose
Edited by Minnemooseus, : Add gold price link.
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