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CNN Money: Don’t Put Your Retirement Savings into the ‘Risky Bet’ Known as Gold!


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CNN Money: Don’t Put Your Retirement Savings into the ‘Risky Bet’ Known as Gold!

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Victory Trader's Avatar
 Victory Trader 
LA, California, USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL,ES mainly
Posts: 520 since Sep 2011

CNN Money has released a special recommending retirees avoid investing their retirement funds in gold, which is ‘far too volatile‘.

CNN says ‘gold isn’t a place to put money you can’t afford to take a loss on‘ and concludes by stating ‘Bottom line- we can’t wholeheartedly recommend gold for your retirement savings. If you really feel that you must put some of your retirement savings into gold, make it a small bet‘.

So let’s get this straight: holding physical wealth is a ‘bet’, but purchasing government, state, and municipal bonds ahead of the looming fiscal cliff is a sound investment decision?

CNN Money: Don't Put Your Retirement Savings into the 'Risky Bet' Known as Gold! | SilverDoctors.com

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Last Updated on September 27, 2012


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