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/
Showing posts with label speculation. Show all posts
Showing posts with label speculation. Show all posts
Tuesday, August 23, 2011
Wednesday, August 17, 2011
Wells Fargo: Gold is a "Bubble Poised to Burst"
Check out this short article which discusses Wells Fargo analysts' belief that gold is in a bubble that is poised to burst. It also lists who is buying and who is selling gold.
http://www.fa-mag.com/fa-news/8225-gold-a-bubble-poised-to-burst-wells-fargo-says.html
http://www.fa-mag.com/fa-news/8225-gold-a-bubble-poised-to-burst-wells-fargo-says.html
Labels:
gold bubble,
investing in gold,
speculation
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