Remarkably insightful about the current disparity between bonds and gold. Really, the choice comes down to whether you worry more about inflation or deflation. Even if you are convinced that the Fed won’t be able to rein in the excess money supply, the price of gold is far beyond what is predicted by current levels of inflation by historical markers. That is, if you’re thinking about speculating in gold, the boat’s probably already passed. That’s opposed to someone like me who didn’t have the fortitude to trust my own judgment about gold prices 2 years ago. I sold after about 3 months when in the face of a collapse and low interest rates, gold prices did not spike.
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