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Buying Gold as a Hedge

March 9, 2009 By Lisa Miller

Cash In A Mattress? No, Gold In The Closet.

With prices setting new records, the worried wealthy are piling up ingots in home safes. NEWSWEEK goes shopping for precious metal.

A hundred-ounce gold bar, when you hold it in your hand, is surprisingly small and even more surprisingly heavy. It’s somewhat longer and fatter than a Hershey bar, but it weighs six-plus pounds—as much as your old calculus textbook. Its color is unforgettable. Pure gold is gold. It’s not like your wedding ring or your grandmother’s bracelet. It’s a deep, dense yellow, the way the ocean is deep blue, and it sparkles. You can understand at last why the Bible says the streets of heaven are paved with it.

Filed Under: BeliefWatch: Lisa Miller, Newsweek Tagged With: Bible, heaven, Lisa Miller

Lisa Miller

Lisa Miller

Lisa Miller is a staff writer at New York magazine. She is a former columnist for the Washington Post, former senior editor of Newsweek magazine, and author of "Heaven: Our Enduring Fascination with the Afterlife."

About Lisa Miller

Lisa-Miller-Headshot

Lisa Miller is a staff writer at New York magazine. She is the former religion columnist for the Washington Post, former senior editor of Newsweek magazine, and author of "Heaven: Our Enduring Fascination with the Afterlife."

In 2014, Lisa Miller was nominated for the National Magazine Award and featured in Best Magazine Writing of 2014.

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NOMINATED FOR THE NATIONAL MAGAZINE AWARD

Lisa-Miller-Headshot

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