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Gold: Why are experts so bad at predicting gold prices?

Turn to any business news channel on TV, or read one of hundreds of websites online, and you’ll find very well qualified experts making predictions about where gold prices are going over the next few days, weeks or months.   But the funny thing is, when the next few days, weeks or months arrive, these …

The next big financial crash may happen for the same reasons that airplanes crash. (And if it does, you’ll be thankful you own gold.)

  Can you really compare a global financial crash with an airplane crash? I think you can.   Modern commercial aircraft are high-tech flying machines, flown most of the time by their onboard computer systems. But sometimes, as was the case with the Air France flight off the coast of Brazil, these planes crash. In …

If you own gold as a hedge, stop worrying about gold prices.

Before you buy more gold you need to make up your mind about something. Are you buying gold coins and bars as a hedge against future events? Or are you buying gold as an investment?   If you are buying and taking physical possession of gold as a hedge against some future downturn in the …

Feeling less than confident about the future? Invest in gold.

If you feel your confidence slipping, you’re not alone. Here are a couple of excerpts from commentary on a recent New York Time/CBS News poll:   “Americans are more pessimistic about the nation’s economic outlook and overall direction.” “Amid rising gas prices, stubborn unemployment and a cacophonous debate in Washington over the federal government’s ability …

Is it too late to start buying gold? Not even close.

With the price of gold rising to record levels, and with those levels being broken on a regular basis, many people are wondering whether we are due for a major correction. Well, there are always corrections after an extended rise in gold prices. Investors sell to take profits, and then buy again at the low …

Cash-for-gold stores are the perfect place for thieves to convert stolen gold into cash.

As you have probably noticed, since the crash of 2008, tens of thousands of cash-for-gold businesses have sprung up all over the country.   You’ll find them in most malls, and online. In fact, last time I went to my local dry cleaners, they had put a cash-for-gold sign in their window. It makes sense, …