Notes From the Fieldby Martin Weil

May 13, 2013

Whither Gold?

One of the first casualties of even the barest hint of the Fed changing course is likely to be gold.  We got that hint this past week and here is where Forbes magazine and I can agree. Investing in gold has carried no “opportunity cost” so long as a dollar in cash earned close to zero.  Once a dollar once again pays even a small but likely rising return, I see the gold market dynamic reversing course.

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