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Comment: lifeboat

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In reply to comment: good points (see in situ)


> Many will see gold as a 'product' that has become 'too expensive' because ..

yeh .. most believe the purpose of investment is to make lots of money for no effort. But investing in gold is essentially investing in a lifeboat.

People usually have an aversion to spending effort and money on safety measures that may not be needed. Ie. if all goes well, then all that effort on safety was wasted (fiat becomes stable and gold price remains relatively low). It all ends in tears, tho, when the ship goes down and there's not enough lifeboats to go round.