Gold prices have fallen more than 15 percent since the start of the year, and roughly 25 percent since last summer. Is the bloom finally off the rose, or will gold eventually rebound?
There are a lot of smart people in the investment industry, and many of them will tell you gold is a hedge against inflation. After all, you will want some of the shiny stuff when all heck breaks loose, and you have to buy for your groceries with a wheelbarrow of dollars. Basically, gold has some underlying, intrinsic value. Dollar bills? Not so much.
Read the full article as previously published in the Montgomery Advertiser May 18 2013
The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.