Gold bugs fly high as value soars
It’s a hedge against a lot of bad things — but a risky one
Were you smart enough to sell your tech stocks in March 2000? Or your house in July 2006? If so, you should seriously consider buying some gold. A lot of it.
But if — like most people — you don't have the gift for knowing when a financial bubble is about to burst, you may want to take a deep breath before calling the 800-number on that infomercial, selling your jewelry at your friend's "gold party" or converting 5 percent of your hard-earned savings into shiny Maple Leaf gold coins.
It certainly is a great time to be a "gold bug," as fans of the shiny metal are known. Gold typically thrives in times of crisis and uncertainty, and that is one reason the metal's price has jumped 15 percent since February and nearly doubled since late 2007.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
1 comment:
Buying gold and silver coins is something to do when a person saves for a lifetime.
They should be intended as life-long savings instruments of value.
Saving fiat currency is simply stupid.
Investing in the stock market is no longer possible, since the stock market is now obviously being manipulated by rapid computerized trading in very large brokerage houses. We can no longer invest in stocks.
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