[Diana in Wisconsin]

Gee, thanks, Ray! I've done better with my gold and silver than even Hillary! did with her cattle futures. *SMIRK*

Wonder if Pelosi, et al will call me up to Capitol Hill to testify. I mean, I AM an Evil Speculator, LOL! Good thing cars don't run on gold.

Note: Ray is an investment broker. Of COURSE he doesn't want your money in gold when he can sell you stocks and bonds. ;)

[xcamel]

The ones who tell you not to invest in gold are usually up to their necks in it in their own accounts....

[JamesP81]

Gee, thanks, Ray! I've done better with my gold and silver than even Hillary! did with her cattle futures. *SMIRK*

Are you trading futures or gold stocks? With gold stocks, there might be some truth to this article. But with futures contracts, a smart investor with a knowledge of technicals can catch it at just the right time for a profit, as long as said investor has enough money on hand to make the occasional margin call.

[stockstrader]

Gold is so-so as an investment (of course, long term vs. short term makes a big difference) depending on your time frame.

However, it is a great place to 'store value' as the dollar depreciates over the longer term.

[Lurker]

You need to realize that gold isn't really an investment per se. It's a store of value.

Here's something to think about.

In 1965 one ounce of gold could buy you a very well made custom tailored suit of clothes.

In 2008 an ounce of gold will buy you a very well made custom tailored suit of clothes.

Now, have you really 'made' any money on that ounce of gold you bought in 1965?

I'm not saying don't buy it. I'm just saying that you need to realize gold isn't really an investment vehicle like stocks or bonds are.

L

[Aldebert]

Really an idiotic article from an “investment professional”.
The key to long term investment results is diversification and proper allocation percentages in the various types of investments. Precious metals is appropriate for an allocation in virtually any portfolio, but generally much less than stocks, bonds and money markets/CDs. So his discussion, which implies jumping in with a sizable portion of one's assets, useless.

[bankwalker]

WARNING! ... The price of gold is gonna CRASH ... soon ...

Remember who told ya.

Gotta go now. Good luck.

[BluH2o]

Bought all the gold I own, mostly coins, back when it was selling around $400.00 an ounce. Buying it today at current levels is probably not a good investment. One thing I didn’t see mentioned ... the demand for gold in China. That will go a long way toward sustaining gold at it’s present level.