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Raging Bullion: Is Gold a Good Investment?
Many Happy Returns
Why You Shouldn't Own Gold
In the long term, gold should more or less stay in line with inflation. A high gold price is like a weak dollar price if it's priced in dollars. If interest rates are high, when you subtract inflation, gold is a wasting asset. It doesn't generate cash flows. Why would you ever own gold? Because it's not going to generate an income.
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