Dueling Fools: Gold

Goldbugs, rejoice. It's time to see whether all that glitters truly is gold. I may not be the best person to introduce this week's bout; in November 2005, just as a share of Google (Nasdaq: GOOG  ) and an ounce of gold were hitting the $500 mark, I proposed that Google was the better value.

I've been wrong so far, which my fellow Fool Robert Aronen won't let me live down. It's perfectly fitting that he should argue in favor of gold this week.

I wasn't always this way. Through the 1990s, I was in an investment club -- the third ever on the Internet -- that devoured the stuff. Two of our largest holdings were low-cost producer Barrick (NYSE: ABX  ) and its real estate partner Trizec, recently acquired by Brookfield Properties (NYSE: BPO  ) . In fact, the club's acronym was GOLD (Genie's On Line Discoverers). I left a few years before the club's eventual disbanding in 2004.  

I won't be stepping in as the bear. I'd probably only find myself heaving softballs at hard assets, and you deserve better than that. I need a true attack dog, so in comes Chuck Saletta.

Does gold present the ideal inflation hedge in these uncertain times, or is the precious metal losing its shine? That's what this week's bout is all about.

Duel on!

Read/Post Comments (0) | Recommend This Article (8)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 525292, ~/Articles/ArticleHandler.aspx, 5/24/2015 7:32:39 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!