Wednesday, June 10, 2015

The Gold Fools

Promoters have been scaremongering to try selling gold at inflated prices for years. Savings accounts and certificates of deposit are not yielding much at all. Gold however is well off its peak valuation. If you had purchased stock in the period that the hucksters were pushing gold, chances are your stock has gained value while the price of gold is not soaring as its backers had insisted it would. It is usually good to have a diversified portfolio, and that could include some gold. I would not however want all my eggs in the proverbial gold basket.

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