Excerpt: That top-pick real-estate view largely applies to upper-income Americans, living in households of $75,000 and over. Gallup found that 31% of those in the lower-income bracket living on less than $30,000 believe gold is the best investment option, followed by real estate second, 28%, and stocks, 13%. http://blogs.marketwatch.com/thetel...-the-best-investment/?mod=MW_home_latest_news
I'm just thinking if i were really rich like 50 mill +; all you'd have to invest in gold is a few percent and you are safe rest can go into stocks etc.; but for the little guys out there few percent in gold would be measured in grams.
Poor Americans don't have access to the inside information that many of the rich people have. That is one reason why they don't trust stocks as much since they aren't given a heads up when shits about to go down.
Given the following from Sovereignman.com, the poor would be well advised to prefer gold over cash as well.
poor people are not as smart, they are lower class for a reason (ohhhh :O controversial) . i would have guessed they would buy gold and stocks last
Well poor people probably don't have government schemes giving them tons of money to buy gold, so they probably don't have any, and consequently haven't had any experience of a massive loss in the value of their investment. They probably got some handouts to buy a house, which is worthless and repossessed so they probably don't rate real estate as a good investment. Stocks and shares are just another form of black magic and the headlines are full of stories about the Global Financial Crisis so even the experts can't get that right.
That's what I thought. I don't know any poor (or even middle class people) outside of this forum that own gold unless they're keeping quiet about it. The only ones that I've talked to about stocks bought them on a brokers recommendation... And have received exceedingly poor returns. A gram of gold or a crate of beer for a good night with the lads? Hmm...
