Subscribe!
Who is John Mugarian? What is Dynamic Growth? Customer Service Contact Home
The Journal Reports Questions and Answers Newsletter Portfolio Links


Main | Dear John: My broker is telling me that it's very important that I sign a margin agreement for my account. What's this for? What is your opinion? »

Dear John: I just saw an analyst on CNBC say that the price of gold is going to $600 an ounce. Should we be buying? What's your opinion?

Where was this analyst three years ago when governments around the globe were dumping gold in massive quantities and calling it an “ordinary commodity?” I think these so-called analysts are late to the party.

The truth of the matter is this: Inflation is in check, and will probably be held in check for a very long time. The dollar is falling, but this is no reason to tout gold. I believe the falling dollar is by design—created by the powers that be—due to the widening trade deficit. Don't let the talking heads on TV scare you into buying gold because of a weak dollar. Fools' Gold is what you might end up with.

Disclaimer—This is for informational purposes only and is in no way a solicitation or an offer to sell securities. I am a registered investment advisor, but only provide solicited advice to clients of our firm in states where we are registered or where an exemption or exclusion from such registration exists. nothing on this website should be interpreted to state or imply that past results are any indication of future performance. carefully assess your own risk tolerance and goals before investing.