Go for Gold If the Fed Keeps Printing the Dollar Will Keep Falling

by Peter Gorenstein

Gold bugs are buzzing with excitement. While the dollar continues to tank, the cheers from folks like Peter Schiff get louder.

Ahbay Deshpande portfolio manager with the First Eagle Gold Fund takes a more measured approach to gold. He says talk of $5000 gold – an idea recently promoted by Schiff on Tech Ticker - is probably premature.  However, "eventually we'll get there," he says, noting that "as sure as the Federal Reserve will print money and credit that's as sure I am that the value of the dollar will debase."

Deshpande recommends investor put 10% of their wealth in gold bullion as an insurance policy against a myriad of potential financial pitfalls i.e., inflation, recession and currency problems.

Go for Gold If the Fed Keeps Printing the Dollar Will Keep Falling: Tech Ticker, Yahoo! Finance

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