Gold - why so political?
When bringing up Gold as a part of a portfolio, people seem to either groan and roll their eyes ("great, another right wing radical")... or they have a positive response ... either way, the discussion hits a political nerve.
I'm interested because:
*Man! How can we keep on printing paper money??? Maybe I just don't have the economic sophistication to "get it", but the system seems very fragile.
*It would be cool to actually hold something real instead of abstract stock statements.
*It could increase in value (of course)
My first attempt at buying Gold happened in 2002. I think it was $270/oz at the time. Everyone told me not to do it. That it could go way down. Then, pushing ahead, I called a gold broker, but was stunned by the fees involved. As I recall, a $270 oz of gold bullion ended up at $285 in real cost with all the fees. That was a turn off, I hung up the phone and gave up on it. Shucks!