More on Gold

Cash out of gold and send kids to college – FT.com.

These stories seem to happen in clusters. The problem with gold as a safe-have is that if everyone else thinks its a safe-haven then they will bid the price up. At these prices, gold is no longer a safe haven.

My opinion in my first post remains the same. Gold is a useful hedge against hyperinflation when it is cheap. Buy some after the bubble bursts.

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