Forbes/Shannara Johnson/08-10-17
What does a hot-shot Wall Street trader see in physical gold? And why would he be adamant about holding it?
…Once he started looking into precious metals versus paper money, he quickly became bullish on gold: “An ounce of gold will buy you a nice suit today, it bought you a nice suit 20 years ago, it bought you a nice suit 200 years ago… Dollars have depreciated over time; pretty much any fiat currency has. So when I look at gold, I don’t look at it like, it’s going to go up and I’m going to get rich. It’s actually not a trade—it’s the furthest thing from a trade. It’s a way to maintain your purchasing power over time.”
…“It’s hard to predict what governments are going to do, so it’s smart to hold some [gold] all the time. It’s really an all-weather investment.”
PG View: We here at USAGOLD also favor buying gold as a means of wealth preservation.
