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View Diary: A word on investing in gold...Don't. (54 comments)

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  •  That' absurd (2+ / 0-)
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    roberb7, Odysseus

    For the average individual investor, there is absolutely nothing "reckless" at all about avoiding owning precious metal or related stocks.  The market for those investments is dependent on things an investor cannot possibly discern on an individual level.  And in the last 50 years there has never been a time when precious metals held value against currency inflation in any sustained way.

    Only true suckers, or very knowledgeable globally informed investors, play precious metals.  Everyone else in that market is a chump or a dupe.

    •  The truth there is it's an opaque market (0+ / 0-)

      As RocketJSquirrel said in the second sentence.

      There's a surprisingly poor correlation between gold and inflation. A more solid reason would be a hedge against low real interest rates.

      Anyone considering a dog for personal safety should treat that decision as seriously as they would buying a gun.

      by Dogs are fuzzy on Sun Feb 23, 2014 at 11:58:05 AM PST

      [ Parent ]

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