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Gold is a well known hedge against inflation, uncertainty and a falling dollar. Since this pretty much sums up the environment weve been living in for the past decade, its easy to see why the value of gold has been on the rise. But thats past performance and as we all know, past performance is no guarantee of future results. So is gold still a good investment?
Im not going to pretend to know the answer to where gold is going in the future, but here are some things to consider. Quite frankly, they are no small part of why I was convinced to invest in gold in my IRA a few months back when the price dipped.
Budget busting entitlement programs.
Unfunded entitlement programs will force future income earners (you, your children and grandchildren) to keep less of their income after taxes, thereby shrinking available wealth.
U.S.
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