October 4, 2013
Why do gold and silver make such poor investments? How are they “sold” to the public using commercials?
Why do gold and silver make such poor investments? How are they “sold” to the public using commercials?
Gold and silver make poor investments, because they have relatively poor historical yearly returns and they have barely beat inflation over the last 80 plus years. Gold and silver are sold to the public using commercials to feed peoples’ fear and greed.
Gold and silver are poor investments because they offer no income, no dividend, and no earnings. They have no untapped intrinsic value; it is worth only what people are willing to pay for it. The price people are willing to pay for it is what creates the “worth”. This can change rapidly which may cause the stock to plummet. The commercials show people getting rich fast and show that is is extremely easy. They make people believe it is a sure fire way to get rich which just isn’t the case.
You ladies hit this one out of the ballpark, well done. Katherine just accomplished the feat two minutes earlier. Let’s recap.
Gold and Silver are commodities that are sold by feeding off the average persons greed and fear. The actual long term return on these investments barely keeps up with inflation and over short periods of time YOU CAN LOSE A GREAT DEAL OF MONEY. Stay away from these investments and stay away from the people who peddle them. Your financial future will thank you.