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Politics : Politics for Pros- moderated

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To: Bald Eagle who wrote (291261)	2/6/2009 12:39:46 PM
From: TimF	1 Recommendation of 793859

Yeah, the issue with gold is that its gone up so much already. Does that climb properly anticipate future inflation? I don't know. If it was still $300, I'd be buying gold, despite the fact that buying anything is a stretch for me right now. But at over $900, I'd either have to be a lot more certain about very high future inflation, or I'd have to view gold as a long term investment (which I don't, you can trade it on all different time scales, including over years if you buy when its undervalued, but its not a way to build wealth long term, just a trading vehicle or a very conservative inflation hedge, it maintains its value over time, but there is no long term growth trend in real terms)

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