The precious metals are the Roger Dangerfield of investments these days, they "get no respect." One of the reasons why is that ever since the US Government went off the gold standard, the "dollar crashers" have been screaming at the top of their lungs that the end is near for the Federal Reserve Note, and the price of gold will go to the moon. After nearly 50 years, we are still waiting. We have discussed the precious metals here at The Options Edge a number of times. It is true that the US Dollar does not have intrinsic value, after all, it is simply a piece of paper. But this is true of every currency on the planet, without exception. In addition, virtually every other central bank used US Dollars as a reserve asset. If the US Dollar crashed, so would every other currency. We look at gold as a currency and a commodity. As such, there are times when investors should own it as in investment opportunity and times when they should not.
