gemonk21

Why Should I Own Gold?

Excellent point, secmaven. I have heard that general story time and again, and that is the point of holding gold. When all else fails, the people will turn to something - history suggests it will be gold.
I am long GLD, which is a completely different strategy from holding physical gold. I hold GLD because the price of stored gold will of necessity catch up with the burgeoning shortage of physical gold. My profits are in dollars, I know, and that is an issue, but it feels like a better hedge than, say, bank stocks.
I hold gold and gold ETF because they are among the relative handful of things which will hold value if it hits the fan. And it might.

Silver and Gold: Buy, Hold or Run?

Longtime investor, but relatively new to GLD and SLV. I have performed what I think to be an objective analysis, and it points to a long position in both. There does appear to be some meddling in the markets, what with the physical product becoming scarcer yet the price is dropping. It is apparent as well the fed sees gold as a competitor to its paper. Both are commodities, but they are more than that - especially gold can be viewed as a counter-currency, and a clear hedge against inflation. The August price doldrums have played out, and I see GLD pushing $100 and SLV at $18+ by yearend. I am long in both.