Gold has been considered to be money for millenniums. This doesn't seem to be changing in the foreseeable future, in my honest opinion. Therefore, I definitely don't disagree with the statement that gold is money, however in the current time it is definitely still a valid investment. It only depends on your definition of what an "investment" is, really.
But gold definitely hasn't really rallied for a long time, and seems to be consolidating and moving sideways exclusively recently.
It could definitely be a good time to buy some, but just like any asset, be prepared to hold it for the long run. Gold is probably more of a store of value for the long term, than a short term speculative investment.
But gold definitely hasn't really rallied for a long time, and seems to be consolidating and moving sideways exclusively recently.
It could definitely be a good time to buy some, but just like any asset, be prepared to hold it for the long run. Gold is probably more of a store of value for the long term, than a short term speculative investment.
Gold was considered as money in the past,but how about now?
If gold is really "money",can you buy food or pay the bills with a piece of gold?
No,you can`t,because:
1.You will need a very little amount.
2.I don't think that any merchant will accept it as a payment.
