Why No Price is too High for Gold

Written By: Chris Mayer  |  Posted: Tuesday, June 22nd, 2010

During a week when almost everything went wrong, the gold market went very right. In fact, gold has been going very right for more than a decade. The gold price has more than quadrupled during the last ten years. So is it too late to buy the stuff? My short answer is, "No."

Admittedly, gold is not like any other investment. It is not merely a financial asset; it is the ultimate form of money. But that doesn't mean it is always a good investment. Many investors make a case for gold laden with ideological fury over the government's printing press. These investors are always saying buy gold. Their arguments are timeless, but not always timely.

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