Quote:
Originally Posted by Dottore
I would be interested to hear a justification for buying gold at $1,500.- This price already seems heavily fueled by speculation.
With interest rates rising world-wide and a global economic recovery well underway "safe-haven" plays like precious metals seem pretty dicey to me.
Is this purely a USD hedge for you?
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Same reason it was last year when I established a position in gold/silver when both were substantially lower...diversification and hedge. Fruit seemed to have been "heavily fueled by speculation" so I traded some apples for metal as I had too much of one and none of the other.