I admit it's nothing more than my sizable gut but I still think gold will ultimately prove to be a suckers bet. It just makes so little sense to me as a wealth parking vehicle that I have to believe a new standard will emerge and people will be stuck with their shiny metal.
Anyone know what the institutional vs private ownership numbers are on gold as compared to say 50 years ago? It's been marketed so incredibly hard to Joe Blow over the last ten years or so that I get the feeling the institutions are unloading.
Hey, we all get one crackpot theory
