Please don't lecture me on not buying gold. I happen to think that the US govt. will maintain its wild spending and that, as a result, we will either have inflation or a constantly devaluing of the $. In any event it will only be 10% of my portfolio.
2006-09-23 05:13:57 · 2 answers · asked by RT 5 in Business & Finance ➔ Investing
I think that you are wise to get some gold.
My opinion boils down to this: gold is gold is gold. It doesn't matter what you buy as long as it is genuine, and it is commonly identifiable by those in the trade.
By this definition, you are fine with either eagles krugerrands. Currently, 'rands are cheaper due to the premium that Americans put on the eagles, but then again, you will get the same premium when you sell, so it's a wash.
I think that you should get some physical gold, and 10% is a fine target to hit. But then again, you are talking to someone who has 30% in physical metals.
2006-09-23 07:05:20 · answer #1 · answered by brunt 4 · 1⤊ 0⤋
If yu are so damn smart about where the economy is going, you should know the best gold investment.
2006-09-23 15:59:46 · answer #2 · answered by oil field trash 7 · 0⤊ 1⤋