If you wanted to invest in Gold, you should have done it in 2000 when the Supreme court handed the presidency to Bush. I bought then at around 400 an oz, knowing full well that Bush was such a fuckup that he'd cause our dollar to sink relative to gold. I was right, though even I didn't predict just how big of a fucking retard Bush would turn out to be.
Short answer: It's insurance for when the day comes China/India/rest of world realizes there is (-) infinity % chance we can ever pay back what we've borrowed from them (and ourselves) and want their money back, or will demand MUCH more than the 2.5% interest for 30 years on an asset that declines by that amount every year.
Short answer: It's insurance for when the day comes China/India/rest of world realizes there is (-) infinity % chance we can ever pay back what we've borrowed from them (and ourselves) and want their money back, or will demand MUCH more than the 2.5% interest for 30 years on an asset that declines by that amount every year.
Short answer: It's insurance for when the day comes China/India/rest of world realizes there is (-) infinity % chance we can ever pay back what we've borrowed from them (and ourselves) and want their money back, or will demand MUCH more than the 2.5% interest for 30 years on an asset that declines by that amount every year.
Long answer: See short answer
What does any of that have to do with SPDR gold trust?
Comments
But it is still the correct answer.
Fuck you.
Long answer: See short answer