The current gold price is outrageous right now! I remember growing up and always seeing gold coins on late night TV informercials and thinking how cool it was, but there was no way I was going to pay something like $100 an ounce! Are you crazy? Fast forward 25 years and I’m messing around on forums on the internet and on one of these forums there is this guy who is all about gold for some reason. He’s yelling for everyone to go ahead and invest in gold. He said put at least half of your portfolio in gold.
Of course, everyone thought he was nuts. I was telling my boss at work about this. He’s a pretty wise finance guy, owning oil fields and business and investing in many types of funds. He says he’s personally have no more than 5% of his money in gold. I didn’t know one way or the other.Read More