Member-only story
Start Investing in Gold
The three reasons — WHY
Introduction
Long ago in history, gold is seen just as a yellow metal that most people used for accessories, decorations, and cultural development purposes as Homer mentioned in Iliad and Odyssey gold is the glory of the immortals and [symbolizes] wealth among humans.
Back in the day, the search for this yellow metal by the Egyptians, Phoenicians, Indians, or even slaves and prisoners of wars who were sent to work the mines, were higher during a time when gold was just seen as a desirable commodity in and of itself — and had no value as money. Unlike most assets — gold doesn’t offer any great significance in real-world value as once Warren Buffett says:
“It doesn’t do anything but sit there and look at you.”
In an interview — The American Business Magnate, Warren Buffett explains, “you can take all the gold that’s ever been mined, and it would fill a cube 67 feet in each direction. For what it’s worth at current gold prices, you could buy — not some — all of the farmland in the United States — Plus, you could buy 10 ExxonMobils — Plus, have $1 trillion of walking-around money — Or you could have a big cube of metal” — Which would you rather take?
**This photo below explains Buffett’s preference: