Quote:
Originally Posted by Eman - PG
Although gold and commodities provide inflation protection, no serious investor would buy and hold them because of their cyclical and non upward bias.
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I disagree.
You're not going to make much at all by investing in gold, but that's not why you invest in gold.
Anyone serious about hedging their investments would always have at least a small portion of their wealth invested in gold. You don't put money in gold to make money - you put money in gold to keep it.
Not that I have a Berkeley degree or anything (yet), but this is what I've heard wealthy investors say time and time again when I've had the opportunity and opted to listen.
But then... I'm not an invester, myself, with millions to toss into the market (again... yet), so what the hell do I know?
