Investing in gold
The asset that shines in troubled times
John Stepek says the price of gold is a gauge of investment fear — and there’s a lot of fear around right now
Last week, we had a power cut. It was already pitch-dark outside — not the best time to discover that the children had hidden our only torch. We stumbled about in the dark, before a kindly neighbour gave us some candles and a lighter — just as the power went back on.
It was a useful reminder that you can rely on the modern world to function about 99 per cent of the time, but it’s always worth having an old-fashioned back-up, just in case. When the National Grid cuts out, you want candles in your drawer. When the global financial system starts to wobble, you want good old-fashioned gold in your portfolio.
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Paul M. Airasian
October 11th, 2007 1:53pmVery coherent and logical commentary re: Gold as Insurance and as an Investment. Got Gold! Thanks,