Why I will never buy gold

bullion gold gold bars golden

Photo by Pixabay on Pexels.com

Fox News had someone hocking gold on just about every commercial. The pitch is that gold is going to skyrocket in the future as it has done in the past. By jumping into the gold rush you will be super wealthy and you would be insane not to do so.

So why is now the perfect time to buy gold? Well, the best reason I can guess is someone got duped into buying gold and want to unload it to you so they can get some real money. I will never buy gold as an investment because to me it’s worthless. What am I going to do with a bunch of gold in someone else’s safe? Or why would I be crazy enough to put a bunch of gold in my house? Who robs your house of all the gold? What are we in the old west?

When the feces hits the fan, no one is going to want your gold. They will want food, water, and other commodities. I can’t pay for my kids’ college with shiny metal. I can’t walk into a dealership with a brick of gold and buy a new pickup truck. If gold was so valuable why do these cash for gold places rip you off for your fine jewelry? Sounds like a scam to me. I’ll stick with burying my money in the ground in only places I know about.