Gold is inefficient
Since gold is a physical asset that people have a tendency to hoard, there are storage costs, security costs and transaction costs that can outweigh any real long-term return. In an ironic twist, the very metal that’s supposed to safeguard investors from runaway inflation and a print-happy Federal Reserve also is experiencing a constant increase in supply. More and more gold is mined every year, increasing the world’s usable gold supply and making gold the worst investment ever. Gold doesn’t decay and isn’t lost. Just about all the gold ever mined is still with us, as near as industrial and mining experts can tell.
