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Reasons not to hold gold
Thursday, April 18, 2013 4:03
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Investors who have been holding gold as a hedge against inflation and insurance for their portfolio got a nasty shock this week.
On Monday, gold plunged to $1,355 – its lowest price since February 2011. The fall exposed the weaknesses of gold. It illustrated the vulnerability of the gold price to hedge fund trading activity. But, just as important, it may have exposed weaknesses in your own investment strategy. Did the fall make you feel emotional? Did it give you a sleepless night? Did it make you reconsider your holding in gold?
