I agree with Berubeland.
Of course gold has the potential to gain in value. It also has potential to fall. Once people start noticing that something's going up and jump on the bandwagon, it's usually too late; you're better off looking elsewhere.
Every autumn, I used to go to the top of a mountain and watch the hawks in migration. There would be a good crowd of other hawkwatchers there, and whenever they were looking at some big eagle or something off in the distance, I always made it a point to look the other way to see what they were missing. I made a lot of good sightings that way, and built up a reputation as a good observer.
I used the same approach when I worked as a journalist, and got a lot of stories that the big crowds of journalists missed. You could read 10 publications and read the same story from 10 different journalists, but my story stood out because nobody else had covered it.
A similar strategy can work in investments. You're better off not running with the pack.
Of course gold has the potential to gain in value. It also has potential to fall. Once people start noticing that something's going up and jump on the bandwagon, it's usually too late; you're better off looking elsewhere.
Every autumn, I used to go to the top of a mountain and watch the hawks in migration. There would be a good crowd of other hawkwatchers there, and whenever they were looking at some big eagle or something off in the distance, I always made it a point to look the other way to see what they were missing. I made a lot of good sightings that way, and built up a reputation as a good observer.
I used the same approach when I worked as a journalist, and got a lot of stories that the big crowds of journalists missed. You could read 10 publications and read the same story from 10 different journalists, but my story stood out because nobody else had covered it.
A similar strategy can work in investments. You're better off not running with the pack.
