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View Diary: Market Humiliates S&P — Rejects Downgrade (266 comments)

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  •  It's not that simple. (1+ / 0-)
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    Mets102

    As we're seeing in the current situation, when stocks go down, gold tends to go up.  This has been a pretty consistent trend.  Investing in gold to get rich is a huge gamble.  Putting part of your portfolio in gold isn't.  It's a buffer that balances things out.  You'll lose some money on the gold when your stocks go up, but when your stocks go down, your gold will go up.  Cuts your overall losses.

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