Quote:
Originally Posted by mertle
Is that all the rich stampeding like drove of pigs 
Seriously there must be reason why the rich suddenly started hoarding this gone on before 2008 we saw gold creaping up then.
Why it only destroying what many built there businesses. |
Gold is money - the only true, hard currency. It is rare and precious and no clever financial instrument, fund, transaction or other assorted sleights of hand can make it more or less than what it is.
The rich, though I generalise, are close enough to the financial system with their advisers and investments to realise there's nothing holding it up. Buying gold is a wise course of action if there's a risk of even the major reserve currencies getting into difficulty.