As FB points out, there is a place for physical gold in everyone's portfolio. That said, there is currently no way that I'm aware of to know what the "proper" price of gold is. If everything is fine with your currency, then gold is pretty useless. If there is a fear of radical devaluation or destruction of your currency, then gold will retain value (but alternative currencies - in the absence of TEOTWAWKIT scenarios - may provide additional benefits).The important thing to remember is that, once an allocation of gold is purchased, the future buying pressure from that player is reduced.There is a difference between commodity speculation (which includes buying GLD, for example) with an expectation of selling at a profit and holding a bit of gold designed to protect you against extreme disaster. This holding (with today's ability to easily distribute assets worldwide in various currencies and markets) would likely be in single digits percentage of assets.Jeff
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M