"In short, buying gold is a good asset for long-term security, but it should not be used to park money until other investment vehicles open up. The current mess in the gold market is artificial and will go away when Obama’s measures re-invigorate the economy."
That should be IF Obama's measure re-invigorate the economy...
Every time the States has announced a stimulus package, the market has reacted favourably, and the POG has eased. A few weeks later everyone realises that its doing nothing and the POG creeps back up.
Also, quote: "The current mess in the gold market is artificial" - well I would say it is no more artificial than the concept of fiat currency!
I'm not a gold bug but I'm certainly not a fan of endlessly printed money either!
"In short, buying gold is a good asset for long-term security,...
Add to My Watchlist
What is My Watchlist?