Christopher Barker
May 26, 2009
Within the inflation debate, few investment topics stoke such contentious discussions as gold. Whatever Fools think about the metal, they hold those views strongly. As the relevance of gold in the context of macroeconomic developments grows even clearer, I offer this consolidated treatment of the top 10 reasons to hold gold through the next several years.
1. Awash in a sea of trillions
First, retire the notion that gold is a commodity. With its pedigree as an ancient and universally recognized physical store of value, gold is held by central banks as a reserve currency. Gold remains a crucial anchor for the planet's relatively short-lived and frankly unimpressive experiment with unbacked fiat paper money. While paper money can become encumbered by debt, obligations, and the ravages of a printing press, gold cannot. (more)
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