I agree with John!
John Waggoner is a reporter and columnist for USA Today's money section. In his article from last Thursday "
Keeping 5% of portfolio in gold isn't a bad idea as a hedge"
You hear many people pushing gold these days, citing our nation's $12.4 trillion debt. Gold is the classic hedge against inflation. If the U.S. resorts to printing money to repay our debts, the value of paper dollars will fall, and gold prices will skyrocket. "
I agree with John.
Here's the link: http://www.usatoday.com/cleanprint/?1268055601109
Whether gold skyrockets or not, it is less about the dollar amount that the metal achieves, it is more a question of what your dollar will NOT do going forward. Today's gold news is more about the safe haven gold and a gold coin will provide you. All the best in your investing!
He said this: "If you like to have your investments close at hand — say, buried 12 paces northeast of the old apple tree — then gold bullion is the kind of investment you'd like. But even if you're not worried that the dollar will plunge, owning gold isn't a bad idea.