The investment manager of the First Eagle Gold Fund, Rachel Benepe, has an interesting take on gold, and the best way to buy it. Her answer is not to buy gold bullion; rather, it is to buy a mutual fund with a diversified portfolio that includes gold bullion as well as the stocks of many companies that mine for gold. The interview of Ms. Benepe can be found at the following link:
http://finance.fortune.cnn.com/2011/08/16/golds-climb-is-perfectly-rational/
Tuesday, August 23, 2011
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