If gold investments are imprudent, then so must be every other form of insurance. Posted by James Randolph on May 16, 2011
Insure your wealth with gold investments.
May 16, 2011 – If gold investments are imprudent, then so must be every other form of insurance. How is it that the vast majority of Americans insure themselves against loss of home, auto, and even life, yet so few insure their wealth?
The answer – for real this time – is a strong bias in mainstream media. We so-called “gold bugs” are consistently portrayed as doomsday fanatics and wing-nut survivalists because we champion gold as a means of wealth preservation through worst-case situations. But that’s no different from life insurance, which is based on pretty much the worst case scenario I can come up with.
Losing your home to fire or natural disaster may be a remote possibility, but the potential loss makes it too great a risk not to insure. You aren’t planning to wreck the car tomorrow, but it’s not worth taking the risk pulling out of the driveway without insurance. You’re hoping a miracle will prevent the collapse of the economy, but why wouldn’t you invest in gold to insure against that possibility as well?
In real life when things go horribly awry it is usually gruesome, something we would rather not dwell on. Once we are sold on a threat we take measures to see us through the eventuality, and then put it out of our minds. But it is quite another story when it comes to our investments.
We fret over every movement in the markets and worry ourselves sick, always fearful that we will lose everything. Yet a prudent investment in gold has proven throughout history to prevent that from happening.
Big investors don’t have time to worry. They keep one eye keenly focused on the markets and the other on current events. They understand risk and they hedge accordingly.
The consequences of loss are far more grave to individual investors than to big money so it is even more important for them to protect themselves. There is no better way to do that than with strong physically held gold investments.
Senior Staff Writer – Certified Gold Exchange