re: Can someone explain the pros and cons of gold?

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you can/will make more in the market.

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That's why gold is considered a hedge.

I hold enough gold to pay the sheriff property taxes for about 5 years. If everything goes to shite, you still have to pay the sheriff to keep your land. I'm just banking that the sheriff will take gold as payment.

And I mean gold gold, not paper gold.

But you can make money with gold, here's how:

When the radio programs are all being sponsored by gold mongers, sell. When no one is talking about gold, buy.