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admin 05.08.2015

One answer is as follows: If you simply want to protect the purchasing power of your money, then gold can help. As I have noted elsewhere, I am an unabashed fan of Warren Buffett, both for his remarkable record managing the Berkshire Hathaway investment portfolio, but also for his ability to communicate complex ideas in simple language.
This type of investment requires an expanding pool of buyers, who, in turn, are enticed because they believe the buying pool will expand still further. The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). What motivates most gold purchasers is their belief that the ranks of the fearful will grow. In the past year or so, that same popularity has waned somewhat as gold prices have declined from the recent high of some $1,900 per ounce, to its present price of slightly less than $1,600.

Recently, Buffett chose to publicly comment on what he thought about gold as an investment. Gold, however, has two significant shortcomings, being neither of much use nor procreative.
True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. The 170,000 tons of gold will be unchanged in size and still incapable of producing anything. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.

In my next posting I would like to show you what that $9.6 trillion would look like if it were stacked up in $100 bills, and read about my own experience in investing in gold. When money loses purchasing power in a very regular and consistent pattern, the traditional hedge and protection was to purchase gold.
Therefore, because so much money has been printed in the last few years by governments around the world, gold has once again risen in price.

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