Why aren't more people in the U.S. buying GOLD?

4 ⤊

Why aren't more people in the U.S. buying GOLD?

Gold is an untaxed storage of wealth, which doesn't inflate like dollar denominated assets., and the appreciation in the last 5 years has been over 100%.

2007-06-16 04:02:47 · 2 answers · asked by beesting 6 in Business & Finance ➔ Other - Business & Finance

2 answers

A very good question, actually. The best I can come up with is that the rate of personal savings in general here in the US is rather low compared to elsewhere, and gold really isn't a traditional way to save here.

2007-06-16 06:32:45 · answer #1 · answered by F. Frederick Skitty 7 · 2⤊ 0⤋

Rappers and rapper wannabes buy it all up!

2007-06-16 11:05:42 · answer #2 · answered by Abby O'Normal 6 · 2⤊ 1⤋