Pillars of world economy, my foot.
Only if you forget about the stock exchanges, currencies, commodities, etc.
Most "experts" who insist gold is a good investment don't know their @ss from their elbow.
Financially speaking, of course.
And almost none of them have the wealth that they proclaim is possible with metals.
World economy is $70 Trillion every year but USA government has given $50 Trillion bailouts to bankrupt compnaies and countries.
that's because the irresponsibility with regulating the wall street allowed the wall street to scam entire world to the point of a few hundred trillions.
it was american government's responsibility. everyone in the world, naturally thought that a major country would properly regulate their financial sector and such frauds/scams would not happen.
but, american people voted for 'more jobs and less regulations' and they got less jobs and less regulations ( for companies ). and then wall street created 100-200 trillions (extent unknown) assets out of thin air and swindled entire world, and their own country.
so, u.s. voters, through u.s. government, are paying for that.
It is best to have Gold in your asset, because gold is the only thing since last 20 years that hasn't dropped in value, how can I say this,,,,?
Coz my Grandpa has been associated with this business since his youth...
Not everyone is concerned about whether it has or has not dropped in value. Gold is a good hedge, but it has limited potential for growth when compared to the stock market.