Back in September 2007, Miserly Bastard wrote a post — My Thoughts on Gold — in which he outlined reasons why he thought gold was a bad investment. I responded here with my thoughts on why gold is a good investment.
Now, MB has changed his position and is buying physical gold. Notable excerpt:
A lot of people advocating the purchase of physical gold are anti-federal government, to one degree or another. Maybe not full-on Timothy McVeigh types, but at least suspicious of most federal government actions. I count myself in the latter camp. This is another reason I like physical gold to synthetic gold–you can touch physical gold, and so long as the government doesnt know where you keep it, it’s yours.