The debate continues (never seems to end) about whether or not it is too late to buy gold. A couple of  years ago I seem to remember gold bug James Sinclair saying that it gold hit $1600 to consider selling. Not sure where Jim stands now and if he has ‘upped’ his figure now that gold is over $1000.

Also debated is the role of gold. Is it a good inflation hedge? Is it better as a crisis hedge? In this article, Jonathan Chevreau of the National Post discusses the topic and includes opinions from the likes of Peter Grandich. See the article here: Is it Too Late to Buy Gold

For believers in gold bullion – like myself – it’s a good inflation hedge, a good crisis hedge and a hedge against the madness of ‘paper assets’ that still seems to mesmerize investors. Why we are so intent on trusting our wealth quite so much to paper promises in the form of proxy assets like gold ETF’s baffles me. We can’t escape paper of course, after all, legal documents are written on the stuff, but surely there should be a limit on what kind of paper we accept in lieu of a solid investment. Perhaps we have become so comfortable with paper, including our paper currency that we don’t really think it through very throughly.