JAN 25, 2011
Gold requires no interest for it is one of the only true safe haven investments in the world. Anyone that says other wise has neither had a counter-party fail on them, lived and endured through a currency crisis, or they simply are ignoring mankind's history and human nature.
Gold is a great portfolio anchor in times of financial storms. It is not simply an investment on the rise, it is an insurance investment to protect ones wealth from currency crisis and debasement. We believe it better to hold gold then to be caught with paper stocks and fiat currencies when the financial system unravels.
As the chart below depicts, gold indexed against the S&P 500 since 1971 shows gold easily out-multiplying paper stocks in price: