Quote:
Originally Posted by andrew289  Gold is getting a lot of hype. When a waiter is telling me that I should buy gold, it's getting a little rediculous.
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I believe this is completely wrong and misleading. Very few people own investment gold in a quantity that is even 5% of their assets. Very few institutions own any physical gold. Recently, one major insurance company [I forget the name and don't feel like looking it up] announced they would buy a significant amount of gold. This is about the only exception I have seen so far. There are trillions of investment dollars floating around, and when it becomes standard policy for institutional investors to hold a 5-10% allocation of gold, the price will be multiples of the current price. There won't be enough gold to fill the demand at anything close to current prices. The waiter story is irrelevant.
