How Good is Gold?
In times of uncertain economics, war or stock market crashes, gold has often been seen as a good preserver of wealth. I hope the following story will change this viewpoint and any viewpoint about security in any type of investment vehicle.
As the story goes, a ship full of miners were blown off course and were wrecked on a deserted island. There was no way to get off but the ship carried seeds and the island was fertile with good water supply. The men plan on planting the seed and surviving on the island till help arrive.
However, some one found gold nuggets on the island and all the men proceeded to pan for gold, thanking their lucky stars that they have found such an abundant of gold. They forgot all about planting food and ate the grain, focussing all their energy in the mine.
Several months passed before the men realised their food supply was running out and winter approached. The season for planting was over. Suddenly they realised, too late, they cannot eat gold. Famine came and all died in the midst of their treasure.
Related Articles:
0 comments
You get to right to be heard first! Fill out the form below.
Leave a Comment