Forget "making money." Think of gold as haven for your wealth but no more than 5% to 15% of that wealth.
If you understand or believe that accumulating gold is more about protecting yourself against catastrophic financial loss, that the value of gold will be the last thing to vanish off the face of the earth, then gold is a good thing for you.
If you bought gold at $1,600 an ounce, you have lost more than $120 as of this moment in time, during the trading day on December 14, 2011. But, you still have a hedge against the catastrophic. You will have to weigh the over-all integument value of that investment, for yourself. From what I survey, you really should not buy gold for the same reasons you buy stock.
If you are thinking about a gold investment, I suggest a little research, on your part. You might begin with this CMI article, and proceed from there.
No comments:
Post a Comment