Song: "Rewind" by Goldspot Any Beatles fan has heard about some new band being "the next Beatles". Oasis comes to mind, of course, but there are many other contenders. I'd like to submit Goldspot for that shortlist - fantastic pop songwriting with a twist. This song off their first record is a good example, so give it a listen! Financial: Gold Every time the stock market is struggling, it seems like we get more questions about gold. I'm skeptical about gold as an investment, because it's only valued at what people are willing to pay for it. Gold doesn't pay dividends or earn interest, and although it's often promoted as insurance against the dollar declining and rising inflation, it has not proved to be a great hedge even for that. As a side note, I wrote this same thing to a client in 2011 when gold seemed to be headed toward $2,000/oz. and predictions for $5,000-$8,000 were commonplace. I think it's just as true now, even with gold down below $1,300 at the time of this writing.
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AuthorRussell Hall is a fee-only financial advisor in Orange County, California. Archives
January 2024
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