http://www.bloomberg.com/apps/news?p...
Interesting snippets...
“The government can print endless money, but they cannot increase the supply of gold,” said Michael Pento, chief economist at Delta Global Advisors Inc. in Huntington Beach, California, who is doubling holdings of the precious metal to 8 percent of his $1.5 billion in assets. “Anything the government cannot replicate by decree, I want to own.”
"Investors typically buy gold during times of financial turmoil as a store of value. The commodity has gained in five of the past six U.S. recessions. "
"Investors typically buy gold during times of financial turmoil as a store of value. The commodity has gained in five of the past six U.S. recessions. "
