There’s something comforting about gold. It’s not just that it’s been used as payment for tens of thousands of years; it’s tangible. It’s something you can hold in your hand and know it holds value. But in today’s investing world, that old appeal doesn’t necessarily translate into smart returns. If you’ve been thinking about gold as a way to protect your money or build retirement income, it might be time to rethink that strategy. Here’s why you might want to forget gold as an investment, or at least see it for what it really is: a relic of another investing era.
Why not gold?
Warren Buffett summed it up well years ago, stating it “gets dug out of the ground, melted down, buried again, and paid to be guarded.” It’s scarce, yes, but scarcity alone doesn’t equal growth. It doesn’t produce anything. Gold just sits there. The only way you make money is if someone pays more for it later. Compare that to a…
