On buying gold

Recently, I’ve been considering buying gold.  It has topped $1000 per ounce (though you can buy it in very small amounts online, for as little as about $45) and, at the rate we’re going, seems likely to keep rising.  It would have been wise, had I been born a lot earlier, but buy gold years ago when the price was significantly lower.

LewRockwell.com has an article today on buying gold — the advisability of bullion over diamonds; basic coins over those marked up for their historic value; physical gold instead of certificates; and private storage over safety deposit boxes easily accessable by Uncle Sam (yes, even in Switzerland).

The piece doesn’t explain everything one would need to know about buying gold, but it’s a good start.  Especially because “[t]he dollar is in huge trouble and is on its way to reaching its intrinsic value, which is very bullish for gold.”

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