Buying gold stocks is much like buying shares in any other stock. You buy gold stocks through a broker just as you would purchase stocks in any other company. This gives you partial ownership in a company that develops mines, recovers gold, or refines it. The value of your gold stocks is not tied to the spot price of gold or the actual market value of gold but depend on the profits of the company in which you’ve invested.
Fiat or paper money is only worth what we can trade it for, it can go flat fast at the country's economy or politicians whims, one day you may buy a loaf of bread for 2 dollars, a year later it could take thousands of dollars to buy a slice of that loaf.
National debt, war, economic hard times, how much a country deflates its money by printing more worthless paper, so many things riding on a currency with nothing actually physical to back it up can have some worth today and yet become only fuel for our wood stoves tomorrow, besides it really does not keep well buried in the ground for hiding or saving like gold.
Dividing all of the world's gold, amongst all of the people of the world we each would have somewhere around 23 grams each.
Dividing up the silver somewhere around 0.80 ounces per person, and now with most of the worlds unaccounted for silver which just happens to be sitting around in our landfills, and with the majority of Silver ever mined in human history is consumed and gone forever (including modern times) ...
Gold or silver has always had value and always will, even the Roman centurion soldier who was paid in gold made about as much as a soldier today, and he could buy about the same amount of bread with his gold as we can today, although the price of gold can go up and down (or how many paper dollars it would take to buy the gold (or bread for that matter), with gold is a good bet that the gold will buy the same amount of bread if it is high or low compared to your paper money, which seems to take more of to buy bread every time you go shopping.
I do not consider the price of gold that much unless I am buying it or selling it, I consider having gold will ensure I can have a piece of bread in hard times, and it would buy more bread than that deflating dollar could in those times,
I cannot see fiat money being able to buy more bread than I can today, but I can see where gold or silver could.
I honestly believe the physical gold price is also manipulated, by paper gold stock, and maybe even by the world players, in any way I feel gold is actually worth more than the Kitco daily figures show.
In any event, I would like to have a little more than my share of the world's gold, with 23 grams per person an ounce or two in your pocket could make you a rich man in the world, or at least you could afford some bread in the hard years, and maybe even prosper through them...
why would I prefer paper bananas, if I can get real edible bananas, paper money or gold and silver that has always held value?
I want my two cents saved as gold or silver, forget those zinc pennies that soon rot away.