RE:PBC in a Hurry to Buy Yet More GoldA lot of investors here don't understand the Bond Market it is about 5 times the size of the US stock market. It is in trouble because a lot of households bought treasury bonds via their advisors that were a good investment when inflation was running around 1-2%. Now a lot of people who are holding bonds in their IRA are getting hosed because the rate of inflation is much higher than the government admits and they are losing money.
Bonds for the last 50 years were a good investment for the buy and hold crowd but now they pay out less than the rate of inflation. If you are holding bonds you are losing money. Smart investors are turning to gold because it has always given the public more than the rate of inflation and gold is real money. Just look at the price of gold before The Arab oil embargo in 1973, gold was $35 an ounce. Now gold is almost $2000 an ounce US. It is not because gold has gone up but because the value of The US dollar has gone down. If you want to protect your money you must own some physical gold as an insurance policy, mining shares that have gold in the ground are also a good investment. It is the same for silver, and all precious metal like platinum and palladium. Cheers!