07.10.2010 - The gold buying panic of 2010
From Forbes: Devaluation! Volatility! Armed rebellion! There's so much to worry about, and the fearmonger industry is there to help you cope with it all. The product for sale: gold bullion funds. The U.S.-registered ones hold $60 billion or so. No surprise, with the price of gold tripling in five years, that money is pouring in. Gold is supposed to be an anchor of stability in uneasy times. Currencies can collapse, stock markets can crash, bonds can default, but that yellow stuff is there forever. And so you are expected to put some portion of your retirement assets, like 5% or 10%, in gold..............................................Full Article: Source
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