Web Posted: 12/17/2009 11:46 CST
CASH MONEY: Gold bugs may glitter but don’t let the panic bite
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guerra21008:10 PM
Sage advice indeed, Mr. Nowlin. Having been a jeweler, I can tell you all about the volatility of gold prices. Overall, gold can have a place in one's investment portfolio, but it should not a big one. Gold is an emotional commodity. When people expect inflation, the price of gold goes up. That's why it is now more than $900 per troy ounce. But about the only thing gold is used for is as a store of value, for jewelry and for plating electronic contacts. Platinum, on the other hand, is a requisite in all sorts of industrial applications. It isn't an overstated claim to call it the universal catalyst. In fact, every car's catalytic converter has a bit of platinum in it. And over the last decade, it has been priced at less than $300 per troy ounce to more than @2,100. You can follow prices daily at kitco.com. But again, be careful and don't put your entire future in either.
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