Gold hasn’t been behaving as gold –selling ads have been promising. Gold value generally goes up when the dollar goes down, when compared to other currencies. It goes down when the dollar rises. The same with the Euro. But lately, it’s been down while the Euro is down.
When the economy becomes sounder, gold also will not fare as well; Its attraction is primarily related to a weaker economy where the dollar is being further hurt by government action.
At times gold moves in unison with stocks. following the rise and fall of common shares.
Gold produces no earnings in the form of interest or dividends. It also costs you money for insurance or storage if you buy bullion or coins, and you want it stored or insured as a safeguard. ( See the Earl J Weinreb NewsHole® comments.)
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