Gold – Inflation Hedge.
2009 January 26
Gold is definitely a safe haven, may or may not be an inflation hedge. What asset class you can invest in today’s market – not stocks, not bonds, not real estate, not copper or oil – so gold is the only thing left. Gold has withstood the test of time as a store of value and as a means of trade/currency. Deflation will hit a lot of asset classes – but all the “fiat’ money will have to find a home. In times like these gold will thrive. Most analysts suggest 5-10% of your portfolio should be gold- in these times you should actually be over weight in gold. Arizona gold detecting
[tags] gold, gold investing, gold value, spot gold, spot gold price [/tags]
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Gold as the only real Money. I still have some of the Old Gold & Silver certs,that are nothing but a broken promise by our goverment after the Federal Reserve took control of our Nations money supply. Not only have Trillions of toxic paper not yet come into the light of day,what has been done to date, is like putting a bandaid on a gun shot hole, direct to the heart of the worlds economy. I say close all of the remaining casinos & save time & money and let the free markets take thier place!
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So I’m confused! Is the price of gold going UP or DOWN?! If gold can’t go through the roof during a ‘global fiat currency’ freakout, or credit crunch, debt bubble burst, whatever, then when? My sense is that the deflation demon will finally take out gold (‘goes up on an escalator and comes down in an elevator’!)
I also agree with whomever said gold was a good hedge against inflation NOT recession. The hysterical chatter about an inflation time bomb going off is exactly that… I’d say gold will hit $500 well before it hits $2K.
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