Market Watch: Gold as an Investment is Made for Times Like These
Article by Jared Dillian in The Wall Street Journal Market Watch
The average Wall Street trader believes all kinds of crazy stuff. One long-running theory claims that the federal government has something called the Plunge Protection Team, or the PPT. If the stock market drops toward the end of the day, the PPT swoops in and rallies the market before it closes...
I’ll be frank: I would like the U.S. to return to a gold standard, but that is never going to happen. So we’re stuck in a world of unlimited quantitative easing (QE) and other Fed funny business. Which means this is a world where you want to own gold.
To read this informative article in Market Watch in its entirety, click here.