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Coin Collecting NewsGold Shines As Many See a Lackluster Economy
Bull markets are supposed to make investors feel good. But the hot market in gold this year has an aura of dread about it.
The yellow metal is nearing a lofty $850 an ounce, a height not seen for almost 28 years.
That has triggered primal fears on Wall Street. If investors are turning back to this ancient form of money, one implication is that they’re losing faith in the modern financial system.
Indeed, the higher gold goes, Bill Roberts of Westchester says he can’t help but see a deepening message of doom.
The dollar is sinking, banks are reeling from soaring mortgage defaults and the stock market is tumbling anew. With that backdrop, Roberts says he’s happy that he has most of his investment portfolio in shares of gold-mining firms. Read Full Story
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