31.10.2011 - Gold is meant for political protection, not financial protection
Gold prices have fallen from $1923 to $1500 levels before climbing back to $1740 levels this week which goes to show that Gold prices can fall and rise just as any other commodity. With gold what the investor gets is not financial protection but political protection, according to Bengt Saelensminde, a business economist and contributor to the Money Week. According to him gold is a misunderstood asset and is often portrayed as a safety play and also wrongly considered a great diversifier of investor portfolio. Gold's prices drifted in the eighties and nineties despite no visible movements in inflation...............................................Full Article: Source
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