GOLD 0.51% $1,391.7 gold futures

why gold is not a good bet

  1. 1,218 Posts.
    A good read on Motley Fool
    Buy Into Inflation Fears at Your Peril
    By Mike Pienciak

    http://www.fool.com/investing/international/2009/06/03/buy-into-inflation-fears-at-your-peril.aspx


    This guy makes some salient points about the current economic situation and backs it with research from Paul Klugman. Goldbugs, like myself, need to be reminded that the economy does not go down the plughole every year and that the powers that be will employ everything in their arsenal to keep it afloat. I have always believed that Gold ETF's are a pressure valve on the gold price that will act as a brake on any price rise. I particularly like the references to oil as a better hedge in the current market situation. In fact I intend to act on that advice tomorrow.
 
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