Steering away from the torturous tax talk (sorry) – my gold/silver interests carried my tiny non-401k portfolio today, which got me thinking. I am fearful of chasing, but do I add more?
It seems like a hardcore goldbug collects gold only to use it to buy bread, clean water and firearms when there are gun-totting robbers terrorizing neighborhoods, when unemployment and inflation are in high double digits.
Doomsday scenarios are not what piques my curiosity about the stuff, but I am still uncertain about the endgame for the non-doomsday gold investor. If, at this point, it’s to simply sell when the magical $2,000 an ounce arrives, what are you getting in return? Worthless greenbacks? Do you sell half your stake and keep the rest just in case the country does its best Zimbabwe impression?
