NYT
Think of it as the Tea Party of investments.
The price of gold has been rising as anxious investors cast what amounts to a throw-the-bums-out vote against, well, just about everything.
The weak dollar, the volatile stock market, the lackluster economy, the yawning budget deficit, the accommodative Federal Reserve — all this and more have people rushing for gold.
The metal touched a high of $1,424 an ounce on Tuesday, although the price remains well below the peak of the early 1980s once inflation is taken into account.
“It’s in effect a protest vote that there’s something amiss with current policies,” said Abhay Deshpande, a portfolio manager with First Eagle Funds and a longtime gold investor.
(More here.)
You have read this article with the title A 24-Karat Safety Net for Investors. You can bookmark this page URL https://ogbcommunity.blogspot.com/2010/11/24-karat-safety-net-for-investors.html. Thanks!
No comment for "A 24-Karat Safety Net for Investors"
Post a Comment