Investing in gold is completely stupid.  I get it… your money market account is returning 0.0% annually… you see those pretty graphs of the performance of gold, and it gets you hot and bothered.  Common pro-gold arguments include inane phrases like “store of value,” “inflation protection,” “limited supply,” “shiny,” etc.

All bullshit.  Why is gold valuable?  To have value, something needs to have some utility. Gold is absolutely useless. It is too soft of a metal for use in production. A long time ago, we apparently invented a use for it; to exchange for other things.  However, we now have a far better, relative system for transactions. Its called….wait for it…. MONEY.

I’ll allow you its “rarity” due to a finite supply.  You know what else is rare?  My underwear without skid marks. Any takers at $1,100/ounce?  Article over.  One-nothing, me.

Have fun with your bubble.