Showing posts with label gold frenzy. Show all posts
Showing posts with label gold frenzy. Show all posts

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.