No, I beg to differ. Gold is not some fiat currency backed by the U.S. Gov’t (1). The US Dollar is.
> you’ve ever— and I mean EVER— examined precisely it is you are buying.
The same could be said about gold. Have you ever melted down the gold to check for impurities? I would hope that most people who invest in stocks or real estate would actually do just that. Investment is a much much different idea than just gambling by picking hot stocks. Haha I also haven’t used good ole Robinhood in several years...
I was referring to reading a stock certificate. Stock is a nuanced and highly specific legal claim on a sliver of the capital structure of an artificial entity. I was referring to reading the terms, conditions and property embodied in the stock. I'm very diligent about such things and I personally never have read that, nor has anyone ever suggested I should ... because ... well ... I'm not sure momentum investors really care 99% of the time about the intrinsic value of whatever they're spending money on.
Gold is a natural element with scientific properties I'm generally aware of, even if I've never personally audited them.
[p.s. - I was also was referring to the historical value of the dollar. A "dollar" literally was at the time of adoption in the U.S. a fixed amount of precious metal.]
> you’ve ever— and I mean EVER— examined precisely it is you are buying.
The same could be said about gold. Have you ever melted down the gold to check for impurities? I would hope that most people who invest in stocks or real estate would actually do just that. Investment is a much much different idea than just gambling by picking hot stocks. Haha I also haven’t used good ole Robinhood in several years...
(1) https://www.federalreserve.gov/faqs/does-the-federal-reserve...