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<p>[QUOTE=&quot;medoraman, post: 2000435, member: 26302&quot;]On the flip side, physical gold can be stolen from you. Please read about how many burglaries and home invasions are performed in the US every year. What are they looking for? Gold. </p><p><br /></p><p>Gold may historically been a good preserver of wealth, but it never creates or builds wealth. Businesses build wealth, gold only preserves it.</p><p><br /></p><p>Yes, gold can be part of a balanced portfolio, but so can other commodities, land, or even stocks of certain commodity producers. There is nothing magic about gold&#039;s ability to serve as a contra asset.</p><p><br /></p><p>Yes, it does have a limited use in electronics and a few other industrial applications, but none of this is even close to the world&#039;s production. The world mines maybe 20 times as much gold as is needed each year for industrial applications. The rest is simply inventory building up.</p><p><br /></p><p>Nothing is perfect. There is no perfect asset to own, even gold, even land, even stocks, even anything. That is why people preach diversity.[/QUOTE]</p><p><br /></p>

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