Saturday, January 22, 2011

SHOULD YOU BE INVESTING IN GOLD?

Quote for the day:

"Bulls think gold is God without the letter 'L' but they're wrong for worshipping at its' alter."  Doug Kass, President of Seabreeze Partners Mgt.

Gold has had a great run over the past 11 years, going from $250 an ounce to around $1,340 an ounce.  Barring a major catalyst to drive it higher, it looks as though the rise in the price of gold may be nearing its' end.  Now may be the time to take profits and put money to work elsewhere.

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