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thoughts on gold investment
Old 03-27-2009, 02:19 PM   #1
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thoughts on gold investment

What does quantitative easing mean for gold? Peter Cooper on points to the immediate $50 an ounce spike after the Fedís announcement. His prognosis: ďAnd it is going to go a lot higher as investors reach for a safe haven.Ē Thoughts?

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Old 03-27-2009, 02:22 PM   #2
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Hard to say. I have no problem with someone having 5-10% in gold as a hedge if they feel strongly about inflation protection, but it's not historically been something that provides inflation-beating returns.
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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