Gold: No Bold Predictions for the New Year

I’m not much of a fan when it comes to New Year’s predictions. There seems to be an almost fanatical obsession with ‘fortune telling’ when it comes to the financial markets.  And gold is no exception.

Some twenty years ago when I was advising my financial planning clients to own gold shares as part of a diversified investment portfolio, my focus was more permanent and long-term.  Of course, that is the way I viewed other asset classes as well. There were certainly no ‘predictions’ about performance over the next year or so.   Continue reading “Gold: No Bold Predictions for the New Year”

Gold: Warren Buffett Is Absolutely Right (And Wrong)

And many others are, too.

Among their various characterizations of gold are the following:  it is an unproductive asset; it doesn’t ‘do’ anything; it just sits there; it’s too volatile; stocks are a much better investment.

And, of course, they are right.  Up to a point.   Continue reading “Gold: Warren Buffett Is Absolutely Right (And Wrong)”