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.
The reasons why one should sell the cat, pawn the mother-in-law, and use the proceeds to