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i am not sure how anyone could argue against owning some gold. i question whether it will make you rich over time, but it does not give you bad haircuts (unless you buy high) either.
Nov 30 22:43 pm
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All Comments by Steven Hansen »Citigroup Report Further Fuels Debate About the Future of Gold [View article]
the only asset class doing well over the last 6 months was cash. i, for one, see the instability being caused by the government bailout programs. i would not be stupid enough to predict how this will play out - but the potential of a very large currency debasement looms. so for people in cash, yah gotta get out if that happens - and gold will be one of the avenues of escape to preserve your wealth.