Gold is not only the best play when stocks are down, it is great insurance against economic chaos and a great hedge against inflation.
Here are six reasons why you should buy gold right now:
Mongolian Mining Corp is set to debut on the Hong Kong market today. In this First on CNBC interview, its executive director & chairman Odjargal Jambaljamts, sheds more light on its corporate strategy going forward, with CNBC’s Bernard Lo, Lisa Oake & Sri Jegarajah.
The Shanghai Composite Index is likely to continue a “broad sideways movement,” Daryl Guppy, CEO of Guppytraders.com, told CNBC Thursday. Guppy also takes a technical look at the CAC-40 and FTSE-100.
Discussing Pimco CEO El-Erian’s comments on TIPS and whether inflation is coming, with Bill Strazzullo, of Bell Curve Trading and Rob Morgan, Falkland Securities.
Why deflation could be a good thing for Americans, with Jim Rickards, Market Intelligence.
The buzz from the NYSE, with Art Cashin, of UBS. 8.13.10
Concluding market insight, with Jack Welch, “Straight from the Gut” author.