E.D.Hart

Getting Out of Leveraged Gold

Gold is the only currency to survive the millenia...I spent an hour reading several financial magazines, and newspapers at the airport today...they all made essentially the same old arguments against gold...because its been a poor investment over the last 25 years.

Wow...how about looking at economically relevant periods in history...like the last 7 years? Or look at periods in time when gold did very well and compare economic conditions then to now...and compare?

All the media gets the gold story wrong, telling people its risky, time to take profits at $400, er $500, er $600, er I mean $700, ummm at 800$ per ounce, oops I mean at $900,... oh never mind.

Gold may be lousy in certain types of economic environments, but that is not an argument against gold..bonds are lousy in certain econmic environments also, but we dont hear the press eschewing bonds, (for the most part) ...]

Real estate may be a lousy investment for nest ten years, so where are the experts calling for people to get out of their risky real estate and minimizing its place in your portfolio to 5%?