Sunday, August 17, 2014

Gold: a purposeless investment

I should have written in my post about investment capital that I would not buy gold. It does create a few jobs in the mining and refining fields and when it's ready for transportation a few people are employed to cart it from the refinery to a bank vault, then a few people need to guard it, but after that it just sits there. It doesn't create any more jobs.

I think it's better to spend that money on bonds, then stocks, and it'll create jobs. Otherwise a lot of a person's net worth is tied up in the bank, or wherever that gold is deposited, and it does nothing. See my previous post on investment capital on how to invest to create jobs.