Gold, gold, gold – religion, politics and voicing lack of confidence – but is it an investment?

I grew up in "gold bug" days of the late 1970s and early 1980s. There was even a gold mine up the street from my home during the mid 1980s (no joke!).

Nevertheless, I have never owned any gold. But I find gold fascinating.

Here is an article for you that I found interesting, it is Floyd Norris’ NY Times article from Friday, November 26, 2010 (Black Friday!) about investing in gold.

Gold is perhaps more of a statement than an investment, is what Mr. Norris points out. Read on, and I hope that you are as fascinated as was I. The article gave voice to feelings I held since I was a youngster 12-13 years old trying to understand Howard Ruff’s "How to Proposer in the Coming Bad Years" a popular book in the late 1970s early 1980s – which was a popular title in the hard-hit apple-belt of Wenatchee, WA, where I grew up.

Tags: , , , ,