ALL Gold is Fool's Gold in America ...
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It's not an easy business, with huge swings in the price you can end up holding the bag
*"Prices are only going higher. Secure your investment -- BUY NOW!"*
The only people who got rich off the California Gold Rush were the merchants selling pickaxes to prospectors. It's the same scheme.
Gold is good because it's hard to fake and the supply is limited. Fiat sucks because they can poop out as much as they want. Pokemon card is basically fiat money, not gold at all.
The only scenario that I can see gold making sense is if private owners held a weekly or monthly meeting where they could buy or sell gold to each other at market price. No fees, no premiums, just value-to-value trades. But I don't see that happening because "somebody might scam me." Right, but the jew behind the counter, who wants another fee to take back the gold he sold you, is trustworthy?
I'll check out the book, but my point is this: at the end of the day, you're valuing gold -- measuring the value of its worth -- in dollars.
At the end of the day, it all comes down to dollars! "All roads lead to Rome."
It's the most reliable store of wealth.
Also, you pay a premium for anything. Wheat, milk, copper, cotton, tobacco.
Why would you expect gold to be refined and minted and transported and sold at retail shop for a wholesale price?
If you want wholesale then invest in gold mining companies. Research ASIC
If anyone here is making more money than they spend each month, what do you propose they do with their extra money? Please suggest a better alternative.