Commodity Trade Mantra

Posts Tagged ‘Higher Denomination Bills’

Buy Gold for What It Does, Not for Its Price

I think what the Fed does could have short-term impact, but I don’t buy gold around it. I don’t buy gold at $1,100 because I think it’s going to $1,200, I buy it for what it does, not what the price is, the price is the last consideration for me. As the economic picture comes into sharper focus, people will realize that “gold is the answer.” Investors should focus on owning physical gold, not paper promises.

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