Time to buy gold? Too late?
Many financial experts and investors shy away from gold, believing it to be the haven for insomniacs watching late night TV promotions.
But with the precious metal soaring over $1,000 an ounce, is it time to revisit gold as an investment? Or is the window of opportunity already closed?
Gold prices rose above $1,000 per ounce on Tuesday to its highest point since March 2008 — suggesting investors are wary of the U.S. dollar’s weakness and expect international interest rates to remain low for some time, the Associated Press reports.
Are you tempted? Why or why not?
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5 comments Add your comment
Steve
September 9th, 2009
12:00 am
As long as the government keeps printing gobs of money Gold will be a good investment.
Commisar Obama
September 9th, 2009
12:22 am
When we are running $2 trillion deficits, YES IT IS (similar to Yes We Can!)
(not including health care….)
chinofee
September 9th, 2009
6:33 am
Gold is priced way off. Inflated beyond reach for some. If the economy dosent come back. Then the price of gold can plummet. Off of artificially induced high. Commodities can be a suspicous thing.
If economy dosent recover. Then where is your hedge? It only makes sense their are better ways to save your hard earned money.
DW
September 9th, 2009
9:55 am
short term bearish. long term bullish
Media Bias Against Gold From MSN Money and AJC : The Fed Up! Blog
September 12th, 2009
1:29 pm
[...] Journal-Constitution’s, The Biz Beat with Henry Unger who wrote an article, “Time to Buy Gold? Too Late?” In this article, Unger offers no journalistic integrity except to offer an article that showed gold [...]