Gold is solid

I am writing in response to a letter printed Oct. 15 (“Gold doesn’t always glitter”). Gold does not always glitter; however, its value has never dropped to zero and is a universally accepted form of wealth and value.

The value of gold negatively correlates with the value of stocks; when stocks go down, the price of gold goes up. With this being said, why wouldn’t anyone want to invest in gold? With the economy being down and thousands of jobs being lost, let’s praise those who are actively trying to invest their hard-earned money.

Gold is a tangible investment, something you can feel and see, rather than investing in stocks, where your money becomes a number and uncertain of any sort of return. Anyone who is wise enough to invest their money should be wise enough to know that no investment is certain.

I’m sure that every individual with a stock in gold does not feel that he or she has smooth sailing from here on out, but I’d dare say they have some sort of reassurance knowing that their money is invested in a historically valuable commodity. As for being lost at sea, I’d feel a heck of a lot safer with a bar of gold that holds a certain amount of monetary value in my possession, rather than the alternative: stock, or no money invested at all.

Jessica Williams

Spokane Valley