Great piece introducing the relationship (inverse) between paper money and gold. THIS IS A MUST READ FOR ALL BEGINNER INVESTORS!!!
In the investing world, you can take a three-month view, a three-year view or a 30-year view. One person looking at one asset class might have a different forecast depending on the time horizon he is considering. In this article, I will look at gold through a 30-year lens.
I believe that structural forces will support gold and other hard assets over the long term. While current forces may be bearish for gold in the intermediate term, there are a number of underlying currents that demand a strategic allocation to the metal (either bullion or via an ETF such as (GLD), (IAU) or (SGOL)). While the sophisticated gold investor is already familiar with these concepts, I think it is important to re-introduce them to a broader audience who may have zero allocation to gold, other precious metals (e.g. silver (SLV) or a basket (GLTR)) of hard assets in their portfolio.