Lull in Gold Price Shouldn’t Deter Bullion Buyers
Posted on: May 13th, 2008 | By Adrian Ash | Filed under Gold Market
A growing number of private investors, in contrast, would rather hold at least some of their wealth in a liquid, tradable asset, entirely free from the risk of default. What price they pay should depend on what they think will happen to interest rates.
But the value of gold as a portfolio back-stop remains hard to beat, even 15% below the last all-time high of mid-March.
Adrian Ash
For The Daily Reckoning Australia
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