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Gold is not a good place to sit - it is vulnerable to mining advances (and if people really start working the hot vent copper deposits, that is going to mean a large side stream of gold production), and is counter cyclical - it is an asset to buy when everyone is piling into the next big thing and regard gold as boring, ie: in no way now.
Most importantly, the investor profile is very, very volatile.
People buy gold because they are scared. This means that an external price shock of any kind is highly likely to kick off a stampede out of gold.
by Thomas on Mon Jan 14th, 2013 at 08:13:37 AM EST
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