Sunday, August 30, 2015

Protection from Correction

Many promoters have been saying we need to own gold as protection from everything from crashes to inflation. Gold has sunk like the proverbial lead balloon. Others have recommended investing in foreign markets. How has that been working for those who socked money away in Red China? Money in US banks is earning virtually no interest. I would still rather maintain strong cash positions even if holding cash yields nothing than risk losing big in stocks or commodities.

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