The Plusses and Minuses Of Buying and Holding Gold
Seems like this is a good time to discuss the plusses and minuses of buying gold. You have heard of gold, right? Silly question? Not really. After one of the most explosive price rises in memory, few still own gold. Sure, one assumes more folks have bought it lately. How true is that? Who knows. But even if so, how many? You'd think lots. After all, the typical investor jumps into big bull market upswing just when it's topping. And this has certainly been a big bull market upswing. But look at it this way. Topping brings in the little guy - in droves. Is the little guy jumping in in droves? Not really. Yes, there's a core of folks who have taken to gold because they understand its history of preserving wealth throughout history. But the size of that core? Not the size of those who jump into stock market tops. Indeed, that core has been buying for years. They're not jumping in now. They already understand why they want/wanted to buy gold. The latest jump in price has ...
