In this volatile economy, is there such a thing as a good investment?
Every morning, I read the Wall Street Journal for a glimmer of hope for the US economy. On some days, today being one of them, the paper is filled with good news followed by a positive forecast and a upbeat market. Just when I think we have what it takes to get out of this economic stagnation, my hopes are dashed with one bad news after another. For myself and others following finance, this has been the common theme for the entire past year. We all face the same question: When will there be any certainty in forecasts?
The price of gold hit $1,100 an ounce today on signs of a weakening dollar. With the stock market as volatile as ever with the coming end of a bullish market, many investors are thinking about buying gold. Gold has always outperformed other commodities during times of economic uncertainty and this “super-recession” is no different.
Here are some things to consider in order to understand if buying gold is the best idea for you:
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