Wednesday, September 29, 2010
Gold is trading like it’s lighter than air
Matthew Keator, a partner in the Keator Group wealth management firm in Lenox, Mass., urges that you consider what you're giving up to buy gold at current prices. Every bit of income is important at a time when prices of all sorts of assets appear out of whack and employment statistics are less than uplifting. Gold can be a small part of a well diversified portfolio, he says, but with the emphasis on small. "The problem is you don't get paid to wait" for gold's next leg up, Keator said. "You need income in this environment, but gold doesn't give you that."