Why buy gold...................
for the most part I am a contrarian..................and yet it is hard to ignore that half of the worlds population has been putting gold aside as a store of wealth fo a very long time..
I found / find it interesting that the Chinese leaders have been encouraging their population to buy gold.
As the Chinese and Indian populations build their middle class this will increase the buying exponentially. The Middle East has been doing the same since the rape and pillaging of the oil fields.
The petro dollar is on its last legs. The BRICS countries are doing ther best to not use the US dollar other than get to rid of the ones they have. The IMF & the other banks controled by the Americans and in which many other countries have an interest but don't have the veto power are at risk of becoming non-entities. China is trying to get into the IMF. Should that happen I can see China pushing for some extreme reforms.............I don't think America has put in its dollar contribution for a couple of years. Then the AIIB put together by the Asian countries and many others, much to the chagrin of the US will be up and running very soon. The BRICS countries start their bank in early July.
The US dollar may strengthen for one more kick at the cat as the worlds economy starts to falter, the only reasson for this is that it is the cleanest shirt in the hamper. I would argue that point.
Gee...............let me see..............why buy gold in a Bitgold savings account.;