'Why buy gold?' is a question often asked by potential investors in gold bullion and coins.
Gold has been popular with investors for centuries,” writes Ken Little in About.com: Stocks, “Many modern investors turn to gold when the economy sours as a defensive play.”
“In times of economic uncertainty, gold is, well, the gold standard for safety,” continues Little, “Gold is a haven in times of inflation because it retains its value much better than currency-backed assets, which may climb in price, but drop in value.”
The Federal Reserve can't "make" gold
The Federal Reserve can print billions of dollars to hand over to Wall Street--which raises the price of everything for Main Street. But the Fed cannot go into a room and "make" gold. There is a finite amount of gold in the world. With the demand for it so high, the price will continue to rise and rise.
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