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Non-Cattle Specific Topics
Every Thing Else Board
Investing in Gold or Silver
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<blockquote data-quote="Son of Butch" data-source="post: 1735901" data-attributes="member: 14585"><p>Warren Buffett says gold is a poor investment because it doesn't reproduce itself.</p><p>"It's better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage."</p><p></p><p>In theory the value of gold never changes, it's the price of the currency used to purchase the gold that fluctuates. It's usually viewed as a good way to go long on fear.</p><p></p><p>Do what you want, but I would not hold more than 6 months of living expenses in physical gold or silver. just my 2 cents</p></blockquote><p></p>
[QUOTE="Son of Butch, post: 1735901, member: 14585"] Warren Buffett says gold is a poor investment because it doesn't reproduce itself. "It's better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage." In theory the value of gold never changes, it's the price of the currency used to purchase the gold that fluctuates. It's usually viewed as a good way to go long on fear. Do what you want, but I would not hold more than 6 months of living expenses in physical gold or silver. just my 2 cents [/QUOTE]
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