Time to Buy Gold…Again?

An article appeared in the July 22nd issue of Barron’s Magazine suggested gold is set to rally about 20%.  Written by Gene Epstein, a Barron’s columnist, the article suggests that gold’s rapid decline seems to have hit a barrier at around $1,200 an ounce and that recent data suggests a rebound to $1,550 in the not so distant future.

Remember that gold traded as high at $1,900 an ounce just 2 years ago in August 2011.  At its current price of $1,285 an ounce, it’s 32% below its high.  Is it time to buy gold?  I have no clue.

The other big question I often get asked is whether it’s better to buy gold or gold mining companies?  Again, I have no idea.  To me it all seems very speculative.

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