Why we're so in love with gold

The recipient of a gold bracelet might treasure it forever. As an investment, it might even be worth more someday. But buy gold for love, not gain.

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VIDEO ON MSN MONEY

111Comments
Feb 19, 2013 9:22AM
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I don't care about gold as an investment, i just like seeing it there knowing that it is solid security, and my buying power will always be there ready and available !
Feb 19, 2013 8:55AM
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You can go to any country in the world and purchase any item you want with gold/silver. What other monetary instrument can you do that with today? US Dollar? Nope! AMEX/MC/VISA :? Not everywhere. Gold has never been worthless and never will be, it is the wealth saving method prefered by the majority of people in the world today. 

Feb 19, 2013 8:26AM
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Meh..Never thought gold was a spectacular metal.. So many cheap  alternatives  that come close  to imitate

this overated metal. Same applies  to diamonds  glass if cut correctly  can  look just like  diamond. 

Feb 19, 2013 8:10AM
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Oh yeah. That's why gold 10 years ago was <$400, and an ounce could buy you a tailored suit, and today, it's roughly $1600, erm, the price of a tailored suit. I'd forgive stupidity before ignorance, this article seems to be a combination of both.

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Some readers noted that I had said India consumes 1 million metric tons of gold a year. That's wrong, and I apologize. The total is between 850 tons and 1,000 tons.
Feb 19, 2013 6:33AM
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I can't aford a big Mac let alone Gold.. Homeless now!

 

 

Feb 19, 2013 5:36AM
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This guy can keep buying his leather hand bags and simpson cartoon pictures, I'll keep buying silver bullion. Also, I thought Europe is in the midst of a double dip recession.
Feb 19, 2013 5:25AM
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Gold is previous and it money and it make one richer and so therefore many banks don't save money...But use gold as the money account for saving as future life...Were i'm consultant and gold dealer if any one need to purchase gold need to write me via this denberexconsult@gmail.com

Thank you
Feb 19, 2013 4:55AM
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Totally irresponsible piece of journalism.
Feb 19, 2013 4:27AM
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Gold has no real bona fide use except as jewlery. Yeah there is a miniscule amount used in contacts for electrical connections but copper or silver are more common and much cheaper.  Just because you see a few micro thin sheets of gold covering a nasa space capsule does not mean gold has an industrial use. The vast majority of gold goes to make gold bars and gold coins and the rest is made into jewlery. As far as metals go , steel and aluuminum are far more valauble as building and commercial products end uses. Would I buy gold or silver? Not on your life.
Feb 17, 2013 3:54PM
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Gold is about to plunge -big time, the stars are all aligned for a monumental dive.
Feb 16, 2013 3:02PM
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5-6 years ago, is said that it cost 750 dollars an ounce to mine gold. There is also an old saying if you double a price of a metal, its reserve quantity can increase a tenfold. This might not hold true for gold but take a look at the logic and pay heed to it.

Feb 16, 2013 1:42PM
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That's easy to figure out.....1.  humans are scum and would slit your throat for nickle....2. and since that's true and humans don't care for each other....other than their selected little groups...which doesn't work....they have to build and aquire material things they like....but it's leaves them lonely in the end.....a dollar bill can't kiss you or hold you....they rather kill each other off.
Feb 16, 2013 10:51AM
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Gold has been down 7 weeks in a row.Let`s go for 8.
Feb 13, 2013 2:27PM
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The gold buyers are looking hilarious now 

Gold down for another month

Looks like all you stock market haters( mostly republicans) are getting shiiiiiiiited on...good luck with your worthless gold....your going to need it.  
Feb 13, 2013 12:53PM
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Someday they'll have mined all of it from the earth. Then I hope they launch the whole blob of the worthless junk far into outer space. We won't miss it or the greed, corruption, misery, and death it brought to us for thousands of years. 
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You don't "invest" in gold thinking you will one day become rich.  You purchase gold to prevent losing the overall value of what ever it was that you used to purchase it.   It can go up or down from there.  Even if it goes up, you may not be able to repurchase with it the same amount of what it was you used to purchase it in the first place.

 

It only has the value of what someone else is willing to give for it.  Same as any commodity.

 

What is even scarcer now than gold and other precious metals, especially with this President in office, is Lead and Brass.  Even Steel and Poly has gone up double in the past 4 months.  That is where the real money can be made when the reason for buying gold by those frightened of the economy comes to fruitation.

Feb 13, 2013 12:37PM
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Owning gold protects you from the irresponsible government we now have. As our debt rises so does the price of gold. Our currency used to be tied to the gold we posessed, not anymore, just print more money.
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 The Anunnaki ingrained it into our brains to look for gold when they changed our genetic makeup 40,000 years ago.   Why else do people salivate at the sight of it?

Feb 13, 2013 12:11PM
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Just another commodity, real easy to get burned, just like any other commodity.
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