All That Glisters Isn't Gold

All That Glisters Is Not Gold

Having barbarized the English language, we now prefer to say that, “All that glitters isn’t gold,” instead of using Shakespeare’s “glisters.”

The meaning is about the same: Gold and the pursuit thereof, whether for investment, speculation, jewelry, or its sheer gut attraction has its pitfalls and the benefits of its attraction may not always be what they seem to be.

The same goes for “the poor man’s gold,” silver, which today seems ubiquitous in cheap baubles.

Unlike real estate which Will Rogers said we should buy since they’re not making any more of it, they’re still “making,” as in mining, gold although gold deposits are becoming harder and harder to find even as competition heats up and as the price soars.

Gold, that most precious of all precious metals, has from time immemorial been the one true sure bet. However, not that it would ever be worthless, but gold could lose significant value and lose investors/speculators big money. For the hoarders, it also presents the problem of storage.

Under Grandma’s bed is not recommended, especially if she tends to wander with her purse stuffed.

Of course, land, real estate, tends to periodically crash and burn as millions of Americans witnessed from the government-caused burst housing bubble.

In today’s very uncertain times, buying–and hoarding–gold has become an enticing hedge against wildly-inflated paper currencies, such the Obama dollar. The inflationary effect of Obama’s fascination with printing far more greenbacks than we should has yet to hit America’s fan.

Just give it time, until after the elections.

Gold is considered the safest hedge . . .

(Read the rest at http://www.genelalor.com/blog1/?p=1288)