Friday, May 14, 2010

Why investors should resist gold frenzy

In an attempt to balance out opinions on financial assets, specifically gold, I have included the following article.

http://finance.yahoo.com/banking-budgeting/article/109557/the-gold-frenzy-why-investors-should-resist

Personally, these financial advisers demonizing gold missed the boat, and are rationalizing the missed opportunity on a decade-long bull market in gold. Their comments ring hollow and illustrate a complete ignorance of history, the role of currencies, and store of value.

Disclosure: long precious metals, and long gold and silver mining shares.

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