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Is it time to consider investing in gold/foreign currency with the current market and possible rate cut?


Is it time to consider investing in gold/foreign currency with the current market and possible rate cut?

No.

Best inflation hedge is gold,
the USA gold reserves have drop since the 70s
the double deficit of the USA


Maybe...

Hell yes! Gold is nearing its old highs and is above $700 while the dollar sinks through the floor. With a rate cut, expect to see the dollar plummet and gold surge into the high $800's in the very near term. Good trading!

If you are a conservative gold invester 10% of net worth dedicated to physical gold possession should do.

If you are confident gold prices are only bound to go higher in the long run.. possibly as much as 33% of net worth should be tied up in physical gold...

caution: gold prices can become extremely volatile should any large holders cash out.. [think yo-yo-ing of the gold market]

Does this help any?

No.

However, it is a very good idea to invest in Foreign Stocks in Euros and British Pounds.

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