thannagan

Gold as an Investment? Think Again

I feel gold is as valid a measure of relative value as any currency. I don't see the USD going up more than other world values given large continuing federal and trade deficits (not to mention monetary policy infusions). I also don't think the Euro is a consistently better forwad bet than the dollar. Europe can have inflation too. I don't think the world is coming to an end. And, I don't ever have more than 5% in GLD. But, I like it as part of my (currently hefty) cash position. Thanks for some htings to think about.