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Louis Friend

Gold as a commodity has gotten a lot of press recently, most likely because it is running at very high prices. It also has enjoyed a 50% increase in the last 6 months or so, so everyone is talking about it.

I’ve seen several television commercials that talk about taking advantage of the recent up move in Gold. From what I can see, the commercials aim are to take advantage of investors who don’t know better. If you are to invest in Gold, you gotta buy Gold. For the most part, that comes in 2 forms: Gold Futures contracts and their respective Options, or streetTRACKS Gold Shares (NYSE: GLD).

I don’t believe that gold coins are the best way for you to play the gold move. I have a gold coin collection myself. Mint Double Eagles from the early 1900s to be exact. They are beautiful and they are now family heirlooms. But they are collectibles, not investments. Gold coins will appreciate the more rare and more precious they become, not by the rise or fall of gold itself. Don’t be a fool and buy Gold coins thinking that you’re in on the gold move. You’re not. Buy them as gifts for you kids. They’re nice and they look pretty.

From Silence of the Lambs

Clarice Starling: Your anagrams are showing, doctor. (She circles the cage, still keeping him in view) ‘Louis Friend…?’ ‘Iron Sulfide.’ Also known as fool’s gold.

Hannibal Lecter: Oh Clarice, your problem is, you need to get more fun out of life.

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