marnindale

Before you rush out to buy the gold, please be aware that the price of gold has dropped quite a bit as the price of the dollar has gone down and the euro has been saved for the time being. Nothing is ever as simple as it may seem.

One thing to think of when dealing with mutual funds, especially in this volatile time. If lots of folks want to redeem, a mutual fund may have to sell the good stock holdings as well as their bad stock holdings to make sure they have enough cash to meet all redemption orders. In this regard an ETF may be a better idea but it all depends on your timeline.

We are holding tight and like Barbara said, it is time to look for bargains that give dividends. A loss is only on paper unless you sell, so with a longer timeline it is worth it to hold on.