Will Gold Shine Again?

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This article was originally called Will Gold Shine Again?.  It was excerpted from my book Active Value Investing and appeared in the Rocky Mountain News.  I have no intention of making an argument of where the gold prices will be over next month or five years from now – I simply don’t know.  My intention is to dispel this notion that gold was a great investment – it simply not the case, and offer a caution that gold may not be a great investment going forward.  

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Vitaliy N. Katsenelson, CFA, is Chief Investment Officer at Investment Management Associates in Denver, Colo. He is the author of Active Value Investing (Wiley) and The Little Book of Sideways Markets (Wiley). His books were translated into eight languages. Forbes Magazine called him "The new Benjamin Graham".

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