Predicting a $1,700–2,000 gold price in 2011, Nick Barisheff of Bullion Management Group urges investors to acquire unencumbered physical bullion with no financial intermediaries or counter-party risk, saying, “Owning gold, silver, and platinum bars is like having a real fire extinguisher instead of a paper picture of a fire extinguisher.”
Once you have a handle on why you are buying gold, deciding what to buy becomes a relatively easy process that can be sorted out between you and your broker. In The ABCs of Gold Investing: Protecting and Building Your Wealth with Gold, author Michael J. Kosares advises that you plan your portfolio in consultation with a gold market profressional. "Stock brokers, financial planners, mutual fund sales personnel, and the like," he says, "have little knowledge of this highly specialized field. As a result, they sometimes confuse more than help. . . Whether to preserve assets or to make a profit, plan carefully under the guidance of a gold professional."
Ginger, Would you care to elaborate how a gold professional can protect your investment more than you just buying bullion?
