If there is a downside to owning gold, it is one which I have not seen posted, so let’s be clear about this.
The value of gold fluctuates, just like the value of other currencies fluctuate, meaning its value can go down, or UP, on a daily (minute by minute) basis.
However, the value of the $US dollar has been dropping in recent days, down to the GBP, the Euro and the Thai Baht! Perhaps the dollar is dropping because the USA is perhaps NOW the largest debtor nation in the world. Maybe its value is dropping because of other market reasons (I’m not an analyst). But dropping to the Thai Baht should be raising Red Flags among institutional currency traders.
Overall, owning gold keeps ones financial position stable. Not as an investment, but as security, gold is recognized worldwide as the most solid form of currency. If its value goes up, or down, it is something we all have to live with.
BobMcD
We’re ALL Gamblers!