Contrarians are those who believe that smart investors should invest their money in ways that differ from popular and conventional wisdom. When contrarians see full page ads that tout the value of certain investments, they usually stay away since they believe it may be too late to get into the game.
Gold could certainly fall into this category. In 1976, the price of an ounce of gold was close to $200, and for years, until 2006, gold languished around $400 per ounce. The subsequent (more…)