Invest in Gold, 5 Ways to Play
Contrarian Profits (February 16th, 2009) Writes:
With food prices on the rise, the price of gold will drive. Martin Hutchinson of Money Morning says, “As gold goes up, it gets more popular and investors start piling into it…” Here are five ways to play bottom-basement gold.This from Mike Cagesso:
Gold hit two historic milestones in 2008. First, it hit its all-time high of $1,030 an ounce in early March.
Just three months later, the price of gold for December delivery fell to $681 an ounce, a 21-month low and 33.9% drop from its record high.
Most gold bugs were equal parts heartbroken and puzzled. Global stock markets tanked alongside the world’s biggest economies. But so did gold, which is widely considered to be a safe haven investment when everything else in spiraling south.
However, Money Morning Contributing Editor Martin Hutchinson- an investment banker with more than 25 years’ experience on Wall Street and
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