Gold article: keeping a cool head (Ritholtz)

[dualstow]

I like this article, but I hope I've got the link right. I'm posting on a clunky kindle, hence the lack of excerpts.
http://is.gd/l5JGOp

[goodasgold]

I think the gist of the article can be summed up in this way: "The price of gold is highly volatile."

No big surprise here, so let's move along (except for the PP critics who are shocked to learn of the "planned volatility" of Harry B's strategy.)

[dualstow]

I agree that there are no great revelations, but I think the advice inside is good for gold and good for investing in general, as one of the comments at the bottom states.

I also think that the narrative described by the author is part of the reason so much money flowed into pp's and into PRPFX since the dot com crash. I mean before momentum investors took it further. Still, it is important to note that Harry was neither a fearmonger nor a doom & gloomer. Harry at least, never created such a narrative.