When I first told a friend about my research into gold as an investment, he responded with “but gold pays no dividends.”
True, but neither do bonds, and the bond market is bigger than the stock market.
Nor do savings accounts or stocks that don’t pay dividends, including prominent ones like Google, Yahoo, Amazon, Cisco or RIM.
Yet, unlike savings accounts and stocks, gold provides a hedge against a falling currency, will likely surge again rather than crash in another Great Depression, and will still hold value another 6000 years from now.
