Hough: Need a Psychology Book for Gold Investments

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Up close not but -- -- it's time -- on it here to tell us why is Jack -- columnist for -- money Jack thank you for being here.

In you'll -- you said look you need a psychology book.

Rather than a calculate it -- -- to decide how to trade gold if.

You wanna talk about stocks or bonds up or rental houses or a laundromat that you're thinking about buying on the corner.

And we can have a conversation about the purchase price and the cash flows that are gonna go through that investment -- -- with gold.

The problem is it doesn't pay anything it just sits there hoping that the next person will pay more for.

And that's not the foundation.

44.

Good investment.

But -- about how often take the only thing you need a gold -- tours has endorsed op.

But at the same time -- you know people are laughing all the way to the bank with their gold holdings right I mean over the last five years up 141%.

Gold -- -- five times in price over the past decade it right stomped everything in -- the problem is for the twenty years before that it lost money.

And if we asked ourselves what are the next ten years gonna look like.

I don't know if we want -- that about stocks or bonds I have a few ideas -- gold.

There's nowhere to calculate a fair price to pay for all you can do.

Is just -- and -- And the idea you know all the arguments out -- that.

The the arguments out there there that it you know as a hedge against inflate away hazardous side you had inflation by investing in things the consumers are definitely going to need income right -- what we use gold for -- -- I think a lot of gold fillings out -- -- You hello wearing gold broke -- in my old neighborhood -- -- -- if legal are still interesting I think kind of stuff party from flavor flavor and I don't act now.

Not talking and -- -- -- Italians listened to no end of the the federal softball to invest -- in my -- we use Google is still want this stuff if we ever find it fear that your.

-- and about an investment in gold you know one -- you look -- of the miners how for the mining stocks.

Yeah hole and a lot farther and the price of gold so one thing we can say for certain is that.

The president these have been hit harder than the price -- -- Hello that means are cheaper expense -- much depends on the price of gold and there just is no way to know we'll like a little -- -- -- saying -- and -- little and it brings you great comfort it's not going to hurt but if start to make ordinary people who say gold as a safe haven.

How do you know because when I look at the correlations sometimes it tracks treasuries is sometimes it -- treasuries and it changes it's opinion like that.

It's because it depends on people's psychology at the moment.

Not any inherent attributes of gold.

I'm telling you it's really dependent on how many chains they have bought -- I'll -- looking -- -- -- -- that they -- -- hanging from them as well I act -- -- -- -- indicator -- in therapy all the schools it's not should I think I am.

-- -- Just just listening until it Jack counts mommy thank you so much -- -- he's not wearing a gold.

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Hough: Need a Psychology Book for Gold Investments

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