While the economy flailed this summer, gold prices hit a record high. WNYC reporter Lisa Chow has been reporting on the growing trend of gold investments and talks about who is investing in gold and why.
That's a shame. But seriously: you are confusing the concept of wealth preservation with (theft) risk management.
Please see the big picture that since the 70's the U.S. dollar has been a horrible looser (of "value") and the future looks really bad.
Stash some savings in gold (stash it well). You won't regret it down the road.
In the 1970s I had a South East Asian grad school mate who owned a couple of big gold medallions he kept for security.
After having his car repeatedly ticketed or broken into he moved from his Upper West Side apartment to a "nice, safe, quiet" Queens neighborhood.
One quiet Sunday morning a group of professional thieves using an unmarked moving truck cleaned out all three apartments in the three family apartment where he now lived. Included in the booty was his "security" gold.
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