Finance forum

[SunsetBengal]

(04-11-2020, 09:21 PM)seahawkscheat Wrote: Okay so I always see these buy gold commercials and I ask myself if gold is so great how come gold stocks never really go up? Barrick Gold $22 a share Yamana Gold $3.72 a share Eldorado Gold $7.74 a share I could go on and on those are crappy stocks

Except those are just the names of stocks.  Gold is a commodity all it's own.  It's own value rises and falls dependent on how things are going int he World market.  During tough times, tangible currencies, like Gold, go up in value, as there is only so much of it in the World.  Fiat currencies, like printed money, can just be "manufactured" out of thin air, so to speak.

So, unless you're purchasing actual Gold, those stocks with "Gold" in the title are likely just as useless as paper money when push comes to shove.