Gold IS Insurance
The idea that anyone could own all the gold in existence is another red herring. News flash: Most of the gold in the world simply isn't for sale... and probably never will be, at ANY price.

And for those who don't yet own gold -- or who don't own enough gold -- the yellow metal is not a standalone retirement plan, an "all in" investment, or something to plunge one's entire net worth into. It's a form of insurance, plain and simple.

Buying gold is no less sensible and prudent than buying fire insurance on your primary residence -- especially when gleeful pyromaniacs like Tim Geithner and Ben Bernanke show every inclination of burning down your monetary house.

To talk about gold as a lousy investment versus, say, Exxon Mobil or farmland, then, is just another bait and switch. Who says you can't own all three?

And of the three, which has the most historical value, ease of conversion, and natural reputation as a "neutral currency?"

Justice Litle
Taipan Publishing Group

Justice Litle is the Editorial Director of Taipan Publishing Group, Editor of Justice Litle’s Macro Trader, and Managing Editor to the free investing and trading e-letter Taipan Daily. His articles have been featured in Futures magazine, he has been quoted in The Wall Street Journal and has even contributed regular market commentary to Reuters and Dow Jones.