Mon, Apr 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Investment more

Despite reputation, gold is no safe haven: Gartman

Posted on 24 September 2013

Buy gold if you like, but don’t think it’s part of building a safety net in your portfolio. That’s the message from Dennis Gartman, the widely followed Gartman Letter author and hedge fund manager, who said Monday that the widely popular yellow metal is also generally misunderstood even by the people who swear by it.
“It’s the dumbest commodity in the history of man,” Gartman said during the IndexUniverse Inside Commodities Conference in New York. “It’s a currency, not a commodity. If it is understood as a currency, it is easier to understand what gold is.”………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930