Guy on Tv wants Viewers to Invest in Gold. I think its a Scam. Why should I invest in US Gold?

Gold is never an "investment", it can be a nice hobby, or if you own enough of it, it can be used as a hedge. People that urge you to buy gold are people who stand to make a commission when & if you do so! There is NOTHING "magic" about gold, it's just one of many "precious metals" that cary limited intrinsic value.

If you are worried about a 1929-style market crash (which is what the salesman is hoping), you would do far better to buy canned tuna & bottled water. And bullets.

You can't eat gold!

(25 years ago, gold was $620 an ounce, last week it closed around $974, up almost 50%....in the same time, the Dow has doubled...once... twice.... three times!.... yes, it's a scam!)

When you say "US Gold" it makes me think its a stock investment. Is it the metal gold or a company that mines for gold? Either way, its somewhat speculative.

Invest in Mutual Funds

Do not use the "guy on tv" as a source of financial advice. Period. It doesn't matter whether you, I or anybody else in these forums thinks its good or bad, just don't do it.

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