Sponge Homer

Homer H. Hillis, Jr. sponges all kinds of information, business, political and trends. I've been seen on the Sally Jesse Rafeal show with noted trend spotter Faith Popcorn. My Blog will give you an over view of what I'm seeing and reflections on the same.

Monday, November 29, 2004

I just read an article on Gold in the New Yorker magazine. Gold is prob ably the worst investment since its never kept up with inflation. But in the minds of most people it does. The truth is: Gold is a fear currency. Most people now are running to gold due to uncertainties around the world. In fact Gold requires a great fool come along who believes tomorrow its worth more today for it to go up. In fact, India buys 21% of all the worlds gold. China is probably 2nd due to the vast amount of gold jewelry worn in India/China.

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