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Is Gold a Buy or is it “Toppy”?
A few weeks ago the gold rush was back on.
Inflation fears were rising. Yields on treasury bonds were rising. Gold was making another run at $1,000. Leading the headlines though and sparking the most interest was hedge fund manager John Paulson and his big bets on gold and gold stocks.
Since then, interest in gold has cooled quite a bit.
The latest Consumer Price Index reading quelled inflation fears and put deflationary risks back in focus. The U.S. government’s measure of inflation indicated prices fell 1.3% over the past year. It was the biggest decline since the Truman Administration.
With…
23Jun2009 | Q1 Publishing | 1 comment | Continued
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