Agreed. Gold has been pursued and horded for thousands of years by many different nations and cultures. It's all been taken from us "non-elites" with both incentives (cash for gold) and removal of the gold standard.
Since gold's industrial use (vs things like silver) is not very large, it's not as mobile as other precious metals and, because of that, it's far more likely to be hidden off ledger. I believe there is FAR FAR more gold out there than we could even consider and that the pricing of it may fluctuate wildly for a long time to come.
I'm not a finance guy by any means, but knowing what I know about the precious metal situation, I'm far more interested in silver than gold for the reasons mentioned above.
Agreed. Gold has been pursued and horded for thousands of years by many different nations and cultures. It's all been taken from us "non-elites" with both incentives (cash for gold) and removal of the gold standard.
Since gold's industrial use (vs things like silver) is not very large, it's not as mobile as other precious metals and, because of that, it's far more likely to be hidden off ledger. I believe there is FAR FAR more gold out there than we could even consider and that the pricing of it may fluctuate wildly for a long time to come.
I'm not a finance guy by any means, but knowing what I know about the precious metal situation, I'm far more interested in silver than gold for the reasons mentioned above.