What does quantitative easing mean for gold? Peter Cooper on SeekingAlpha.com points to the immediate $50 an ounce spike after the Fed’s announcement. His prognosis: “And it is going to go a lot higher as investors reach for a safe haven.” Thoughts?
thoughts on gold investment
- Thread starter jimbo17
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ziggy29
Moderator Emeritus
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.
