Answer
Feb 24, 2025 - 03:49 PM
Gold’s baseline essential quality is its role as the only primary asset that is not someone else’s liability. That separates gold from the majority of capital assets, which in fact, do rely on another’s ability to pay, like bonds and bank savings, or the performance of the management, or some other delimiting factor, as is the case with stocks. The first chapter of The ABCs of Gold Investing ends with this: “No matter what happens in this country, with the dollar, with the stock and bond markets, the gold owner will find a friend in the yellow metal — something to rely upon when the chips are down. In gold, investors will find a vehicle to protect their wealth. Gold is bedrock.” For a helpful review of gold’s role in preserving assets under various worst-case economic scenarios, we recommend spending some time with BlackSwansYellowGold, linked below.
https://www.usagold.com/black-swans-yellow-gold/
https://www.usagold.com/black-swans-yellow-gold/
