Thursday, September 08, 2011

If You’re Looking For Bubbles, Don’t Look At Gold Coins

Of all asset classes in today’s markets, gold is unique. And for a number of reasons.

Firstly it acts as a long-term hedge and a short-term flight to safety instrument against virtually all other asset classes. Secondly, it supports a wide range of instruments, including physical delivery (bullions, coins and jewellery), gold-linked legal tender, gold-based savings accounts, plain vanilla and . . .

Read more at: The Globe and Mail

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