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Episode 37: Gold is a commodity subject to the laws of supply and demand. Don’t fall in love with gold or any other investment. Think of gold as real estate that you can carry around in your pocket. The price will fluctuate. The long term price point of gold is primarily driven by the cost of energy to extract and refine it.
As the cost of energy goes down, so will the price of gold. The rule of thumb correlation is approximately 15 times the price of a barrel of oil will equal the price of gold in ounces.
For additional information read my article: http://www.investablewealth.com/900oz-goldmaybe/
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Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.
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Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.