Serious gold investment commentary tends towards gloom and doom, leaving the impression that folks like me are just terminally pessimistic. Posted by James Randolph on June 20, 2011
It’s realism that keeps me buying gold.
June 20, 2011 – Serious gold investment commentary tends towards gloom and doom, leaving the impression that folks like me are just terminally pessimistic. But in truth I am highly optimistic in the long run, just realistic about the near-term prospects.
I don’t buy gold to get rich, I buy gold to not get poor. Sure, there are some gold investments that are risky enough to offer potential capital gains, but for me that’s not what gold is all about. Neither is speculation, because short-term movement – especially these days – is a crapshoot. Gold to me is money, pure and simple, that will always be there through thick and thin.
Equities used to be the place to make money. A shrewd investor could pick stocks from a promising company, betting on the management to fulfill the promise through real performance. It was a level field and the rules were simple. But the game has changed.
When more money is made from failure than is from economic advancement something is seriously wrong. When the government places the economic health of the nation at risk to keep the economy’s greatest threats in business something is seriously perverse. When consumption loses its correlation to production, something is seriously unsustainable.
I keep hoping for some miracle, something of such great power that it could undo all we have done over the past century. Something that would bring America back to its senses. Something that would instill a balance between our wants and our needs. Something that would restore the ethic that once made us great. I’m just not holding my breath waiting for that to happen.
The problem is that a century of growth in government control over every aspect of our lives, garnered through handouts to anyone and everyone, has robbed us of our individualism and sapped of us the spirit that defines us. We have become a nation of victims, forever seeking something outside ourselves to blame for our condition. We stand at a crossroads.
Each and every one of us has something given to us by the government that we have not earned. If we all were to take just one thing and return it, saying “I’ll take care of this myself,” we just might be able to turn things around.
When all Americans join in that refrain I’ll upgrade my outlook. For now, I’ll keep buying gold.
Senior Staff Writer – Certified Gold Exchange