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Location : Ether-Sphere Job/hobbies : Irrationality Exterminator Humor : Über Serious
| Subject: Beyond Gold: 6 Overlooked Alternative Investments Mon Oct 04, 2010 11:26 pm | |
| There are those who will tell you that gold still has room to roam: that you ain't seen nothing yet. That even though an ounce right now tops $1,300, you should hock your kids to buy some.
At least, that's the advice of Dan Oliver and Dan Mahony, who think gold could peak at over $10,000. The two Dans follow the gold market.
"Gold is hardly over-owned," Mahony says. "All the gold in the world, at today's prices, is only worth eight-tenths of a percent of financial assets, versus nearly 5 percent in the 1960s.
"If you adjust gold's price for increases in the money supply -- which the Fed keeps raising -- gold is actually near its all-time low," Oliver says.
Be that as it may, if you're skeptical and feel you can't afford to buy in now, here are other opportunities you might consider:
More: ANCAPS: ANARCHO-CAPITALISTS |
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