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Monex has been running ads for at least 20 years claiming that "there's never been a better time than now to invest in gold." Their latest ad, though, reeks of desperation.
"What if I were to offer you fifty thousand dollars in cash, or fifty thousand dollars in gold, with the understanding that you couldn't cash it in for five years? Which would be the better investment?" (Or words to that effect.)
Whisky Tango Foxtrot. Their best selling point is that gold is a better investment than stuffing cash in your mattress? They are literally saying you should invest in gold because it's better than the guaranteed loss of holding onto cash? Or, at best, that the returns are better than a savings account (although they strongly imply that you're supposed to just let the cash and the gold both sit in a box)?
Damn, there's no way I'm investing in precious metals if that's the best they can do.
"What if I were to offer you fifty thousand dollars in cash, or fifty thousand dollars in gold, with the understanding that you couldn't cash it in for five years? Which would be the better investment?" (Or words to that effect.)
Whisky Tango Foxtrot. Their best selling point is that gold is a better investment than stuffing cash in your mattress? They are literally saying you should invest in gold because it's better than the guaranteed loss of holding onto cash? Or, at best, that the returns are better than a savings account (although they strongly imply that you're supposed to just let the cash and the gold both sit in a box)?
Damn, there's no way I'm investing in precious metals if that's the best they can do.
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