IPFS News Link • Gold and Silver
Gold Prices and Panic
• lewrockwell.comWith gold selling for around $1,400 per ounce, it seems like everyone has jumped on the yellow-metal bandwagon. Resource-investment guru Rick Rule said about gold investing recently, "we're no longer lonely in the gold trade. You couldn't describe this as a contrarian activity, and you couldn't describe this as a low-risk activity."
But while Rule
and the likes of David
Einhorn aren't alone keeping some, or a lot of, money in gold,
the Wall Street Journal ran a profile of a more typical investment
guide who claims, "There's no utility of gold." Investment
advisor Tim Medley says people only trade their dollars for gold
when they're afraid, and they won't be afraid much longer.
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