Don’t shoot the messenger! Every good investor should do their best to remove their bias, and focus on the cold hard facts. Today, Anton and Nyle discuss one of the most widely discussed investment myths, gold.
We apologize to all of our gold bugs out there, the inflation stations, and armageddon preppers. Not only do we feel gold is a terrible investment choice, we also believe it will eventually become worthless. There are five key points we address to back this claim.
1. The numbers don’t lie
2. Gold is an inefficient investment vehicle
3. Gold ETF’s such as $GLD aren’t any more efficient
4. Won’t protect against any
5. What gold once did, technology now does better
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