Bullion's Sneaky Little Problem
By Skyler Greene:
Fellow Seeking Alpha contributor Shaun Connell recently wrote a response to one of my articles. His title was "Why Gold's Attackers Are Wrong." His core thesis was this:
Gold exists not just as an inflation hedge, but as a currency failure hedge. If the dollar "dies" -- whether through hyperdeflation or hyperinflation -- then gold essentially wins.
Some might then argue that we should just put money in an index fund, because it offers the same protection. This is, of course, absurd. It's paper, which means that a political movement can delete it. It can be gone. In minutes.
Your assets can be frozen. The economy can fundamentally collapse. Corporations can be nationalized. You can't skip town with a trunk full of stocks, but you can certainly do that with a box of gold coins. And that'll never change.
I enjoy reading Shaun's articles, and his argument does certainly lendComplete Story »