why gold is not a good bet

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.