Monday, April 17, 2006
So it jumped.
Being correct about why it is up probably doesn't matter a lot in the context of a diversified portfolio.
I first wrote about gold on this site on October 29, 2004 and have been saying the same thing the entire time.
Some exposure to gold is always appropriate. It tends to zig when stocks zag. I think this is an important part of portfolio construction. Today is a microcosm of the effect.
Posted by Roger Nusbaum at 10:41 AM