Comments on: Should Gold be in Your Investment Portfolio?

By: Mr. ToughMoneyLove

Mr. ToughMoneyLove — Fri, 20 Mar 2009 23:08:59 +0000

I suggest that before you invest in gold that you spend some time looking around the various “buy gold” forums. I’ve never seen such a collection of conspiracy theorists, “end-of-the-financial-world-as-we-know-it” predictors, and general nut jobs gathered in one place. That is enough reason for me to look elsewhere to put my money.

By: tom

tom — Fri, 20 Mar 2009 17:20:19 +0000

That’s hilarious “Gold has value only because we believe it is valuable. It is a collective hallucination.”

Look at the stock market, house prices, wow these news agencies including magazines sell such crap to people and we still listen to them.

I am not expert on economics but it looks like every time the market does bad that reverse occurs to the price of metal.

Also, this is a sneaky strategy for these agencies to tell you not to buy it, while the smart ones buy and then boom a few weeks or months later, they will change their mind and tell us all it is time to buy while the smart ones are selling and making a fortune and the majority is left hanging.

By: the weakonomist

the weakonomist — Fri, 20 Mar 2009 01:59:34 +0000

I agree with Tim. I wrote about “the great gilded bubble” last week on my own blog. Last week I thought I might have been wrong, but thanks to the Fed move this week gold will now increase enough to convince everyone to sell their gold holdings. Though gold has a place in every portfolio, as of today its place is with my shorts. Gold will go up, and by the end of 2009 tank.

By: Tim

Tim — Fri, 20 Mar 2009 00:49:38 +0000

no gold standard = no reason to buy gold. it is a hallucinatory value. it can only be a currency if it is traded as currency, which it is not. ride the bubble, but it will drop like fool’s gold