The Agora Financial 5 Minute Forecast people ask one of their own experts - Chris Mayer, the editor of Capital and Crisis if it is too late to buy gold?
My short answer is no, writes Chris Mayer.
But frankly, the gold market is set up perfectly these days. You couldn't design it better. Bad stuff is happening -- see the crisis in Europe. And you can surely bet more bad stuff will happen, given all the debt and leverage that still remains in the system. Even if you don't know exactly what will happen or when it will happen, you know a monetary crisis is good for gold.
As an added bonus, gold has a track record, which will attract fans soon enough. And when it does, it can't really accommodate many buyers, because the market is small. This means the chances of the gold price spiking upward are pretty good. It's like being in the lifeboat business on the Titanic. No price will seem too high!Did you hear that? it is definitely not too late to buy a gold coin. Gold coins as investment - now that is a bright idea!