frizzers Posted June 24, 2006 Report Share Posted June 24, 2006 Read this: "A gloomy bunch, the Goldbugs buy gold and hold it as insurance against corporate stupidity, a real-estate crash, a stock-market meltdown, or the collapse of the US dollar, not to mention worldwide financial chaos. Disturbed by visions of their children living in a future shantytown in a deserted area once known as Wall Street, the Goldbugs' solution iS to buy more gold at any price. Following an obsession is not the best investment philosophy. THEN "I own some gold ... But other commodities will do much better in this bull market ... History shows that gold has not always been the best investment ... No wise investor should buy gold only in anticipation of the Apocalypse. Own some perhaps as an insurance policy. The world might panic and turn to gold as a desperate last resort. In the meantime, there are too many other more attractive opportunities in the commodities arena." Jim Rogers - HOT COMMODITIES. Perhaps JR is right. Some of us, expecially myself, might have got too gold obsessed. But then, given what the net six months might have in store, perhaps we are right to be. Link to comment Share on other sites More sharing options...
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