Will Gold Shine Again?

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.  

Vitaliy Katsenelson

I am the CEO at Investment Management Associates, which is anything but your average investment firm. (Seriously, take a look.)

I wrote two books on investing, which were published by John Wiley & Sons and have been translated into eight languages. (Even in Polish!)

In a brief moment of senility, Forbes magazine called me “the new Benjamin Graham.” (They must have been impressed by the eloquence of the Polish translation.)

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