Investor can't go bankrupt with physical "gold" -
David Crichton-Watt Md. Phoenix Gold Fund Aims Asset Management Sdn Bhd.
Gold has been called a "barometer of fear". When
people are anxious about the economy they turn to gold and bid the price up.
The two main things that makes people anxious are deflation and inflation. Most
think that deflation is "falling prices" and inflation is
"rising prices". Actually, rising and falling prices are symptoms.
The root causes are decreases (deflating) or increasing (inflating) of the
money supply. Gold has the remarkable ability to store value in both
deflationary and inflationary times.
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