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

Gold for Your Investment Portfolio?

Monday, April 12, 2010 - 1:33 PM
Clark Howard's advice for gold bugs:
The consumer champ's longstanding advice holds -- five to 10 percent of your overall portfolio in gold or other precious metals is acceptable. But no more.
Do you hold any gold in your portfolio?
1
Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
Rep Points: 125,018
1. Monday, April 12, 2010 - 9:31 PM


Gold holdings produce no income as in interest or dividends.

Meanwhile, from Wikipedia:

"In March 2008, the gold price exceeded US$1,000, achieving a nominal high of US$1,004.38. In real terms, actual value was still well below the US$599 peak in 1981 (equivalent to $1417 in U.S. 2008 dollar value). After the March 2008 spike, gold prices declined to a low of US$712.30 per ounce in November. Pricing soon resumed on upward momentum by temporarily breaking the US$1000 barrier again in late February 2009 but regressed moderately later in the quarter.

After fluctuation returned near the US$1,000.00 mark in mid-September 2009, international gold markets peaked at US$1,023.30. Pricing later declined moderately again in late September 2009, falling back to US$991.70 for the week ending on September 25, 2009.

Later in 2009, the March 2008 intra-day spot price record of US$1,033.90 was broken several times in October, as the price of gold entered parabolic stages of successively new highs when a spike reversal to $1226 initiated a retrace of the price to the mid-October levels.

Financial commentator Jim Rogers predicts that gold will reach US$2000 per troy ounce without citing a time frame. Some analysts attribute this to central banks diverting their reserves away from US dollars. However, economics professor Nouriel Roubini sees another investment bubble that will burst spectacularly."
1
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,914
Reply