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The Scuppers This is a new forum for the not necessarily fishing related topics...

 
 
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Old 11-09-2010, 01:34 PM   #17
justplugit
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Join Date: Nov 2003
Location: east coast
Posts: 8,592
Many Financial Ad-visors recommend 5-10% of your portfolio in
gold to diversify and have a hedge against inflation.

The reason to invest now is more a hedge against the falling dollar than inflation.
Although that could raise it's ugly head too.

I guess you could dollar cost average into Spyder GLD going in now at it's high of
$1400 an oz, but it is very volatile and can drop like a rock.

I remember back in the late 70s-early 80s it shot up quickly close
to $900 and then fell to $300 and traded in the $300- $400.
range for years.

Ya need a crystal ball.

" Choose Life "
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