Gold stupidity

lol...this has got to be the stupidest commentary on gold vs. the USDollar I've ever seen.


http://youtu.be/aWyrjwXoIqA

Some investors aren't confident with what gold is backed by, or if it's backed by anything at all.  As compared with something like the USDollar.

Investors are comfortable that the USDollar is backed by the American government, so no matter what is happening to the American economy, something like the USDollar is backed by the Federal Reserve, that's going to be around a year from now.  That's a much more comfortable investment for them.

 Thank you Bridget for that sage advice!