Quote:
Originally Posted by MahiMike
Gold is up 30 pct in the last year. Stocks 3 pct. Countries around the globe are stockpiling in millions of pounds. They know the central banks are out of options. Everyone should have at least 10 pct in gold.
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I've never bought into that theory at all. First of all most people don't buy gold, they buy gold stocks. Secondly it's a brief hedge that fails to last. So unless you are good at timing you might as well buy the stocks that are down and benefit in the long run. If you want to trade gold then trade it. Otherwise the "you should always have 10% in gold" is a bunk philosophy in my opinion.
Finally, say you do buy physical gold. Take that to any retail store and let me know of they take it instead of $'s.