Friday, May 14, 2010

Gold Skeptic Makes Appearance In Business Week

Now, there's a warning about gold posted by a mainstream publication. Perhaps it was inevitable that an article like "The Gold Frenzy: Why Investors Should Resist" would be webbed by a major business magazine. It's in the top-5 list of most popular pieces.

Its author, Ben Steverman, brings up in more diplomatic form all the points that gold skeptics like repeating. He does make room for holding gold as a portfolio hedge. Interestingly, one of his data shows that ordinary people aren't holding that much gold despite the newfound exitement over it.

It can be taken as a timing warning.

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