Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

NYT Article On Gold And Gold Investing

Saturday, June 12, 2010 - 2:12 PM
This NYT article reviews the gold investment craze and looks at both the pros and cons of investing in gold. It's one of the better articles on this topic IMHO. Here are some excerpts on both sides of the issue:
If governments print more money to pay off their debts, the logic goes, inflation will destroy the value of the dollar, the euro and other paper currencies - thus enhancing the value of gold.
Still, gold can go down - sometimes sharply. After peaking in 1980 at more than $800 an ounce, gold sank over the next two decades, bottoming out at just over $250 an ounce in 1999.

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708