Part 1: Why Own Physical Gold?
As opposed to our usual format of discussing a hypothetical scenario, we thought an article along the lines of “An Intro to Gold Buying” might be in order. Both novices and sophisticated investors can benefit from a review of the basics. The following is a list, in no particular order, of some but not all of the reasons to purchase tangible gold.
Hundreds of years ago, early economists were puzzled by a quirk in pricing: why do some non-essential goods cost so much while truly essential goods cost so little? As an example, why are water and grain so cheap when they are so vital for human survival? Why are gold and diamonds so expensive when neither is a necessity?