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Why your portfolio doesn’t need gold

By: clo in FFFT | Recommend this post (0)
Mon, 04 Jun 12 8:05 PM | 73 view(s)
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Why your portfolio doesn’t need gold

By Jack Hough

After sliding 6% in May, the price of gold jumped 3.7% on Friday. Skeptics say it is a temporary rise in a longer downturn. Fans of the metal say it is the start of another glorious run.

Picking a side is pointless. Gold defies efforts to calculate its worth—or even to describe how it behaves as an investment. That means there isn’t a clear reason to invest in it.

If you must own some gold to sleep better, stick with a multivitamin approach: A little bit won’t hurt. A lot can prove toxic.

much more:
http://www.marketwatch.com/story/why-your-portfolio-doesnt-need-gold-2012-06-04?siteid=nwtam




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