By Matthew Hayward In today’s USA Today, there is a brief commentary about investing in Gold written by Matt Krantz. He claims that “Gold is an extremely risky asset,” and he hopes investors are ready with a backup plan if Gold crashes. He qualifies the risky asset based on current and past market volatility regarding Gold. He also writes his commentary based on recent investors; though he does not directly say that, he does comment that he is looking at this year’s yield. If I were to get a chance to speak with Matt, I might ask him how Gold is doing compared to the dollar. I would ask him why he believes Gold investors have lost big time and hopefully had a backup plan. First of all, Gold has dropped nearly $800 in the last year, but that was only after a rise of nearly $1500 an oz . If you invested before July 2010 , you are still in the green with your investment. I was screaming at friends and family to invest in Gold, even to liquidate their retirement and...
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