Gold's a Great Investment Because There's a War Coming
Oct 30 2009 Yahoo News
The people who are telling you to buy gold because of impending hyper-inflation don't know what they're talking about, says "cycles" analyst Charles Nenner.
Yes, gold has done well in times of inflation. But it has also done well in times of deflation. So the causality link between inflation and gold I wildly overblown.
The real reason to own gold, says Nenner, is that there's a war coming. Gold does well in times of military conflict, and we're heading pell-mell into an era of military conflict.
http://finance.yahoo.com/tech-ticker/article/362984/Gold%27s-a-Great-Investment-Because-There%27s-a-War-Coming?tickers=gld,gdx,nem,fcx,dia,spy,qqqq
30
October
Gold's a Great Investment Because There's a War Coming
Oct 30 2009 Yahoo News
The people who are telling you to buy gold because of impending hyper-inflation don't know what they're talking about, says "cycles" analyst Charles Nenner.
Yes, gold has done well in times of inflation. But it has also done well in times of deflation. So the causality link between inflation and gold I wildly overblown.
The real reason to own gold, says Nenner, is that there's a war coming. Gold does well in times of military conflict, and we're heading pell-mell into an era of military conflict.
http://finance.yahoo.com/tech-ticker/article/362984/Gold%27s-a-Great-Investment-Because-There%27s-a-War-Coming?tickers=gld,gdx,nem,fcx,dia,spy,qqqq