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You completely forgot to mention that gold is pretty to look at and that alone is enough to negate these disadvantages!
But seriously, I am amazed at the rationale for many people’s zealous obsession with gold. When I tell them it’s probably over bought and has limited upside potential at the moment, I am greeted with scorn.
I am told that it’s a beautiful precious metal and, as such, has intrinsic value and that when the world currencies come crashing down and the world is in Armageddon it will be the only currency worth anything.
I tell them that I never said gold had no value, simply that it was overvalued at today’s levels. And as far as the currency of the post-apocalypse goes, you’d be much better off investing in guns and ammunition. 😉
You always need a good reason to do something, especially when you are thinking about where to put your hard earned money. Investing in precious metals is great and it has a lot of advantages compared to other assets.