Tuesday, May 7, 2013

Who Has the Midas Touch?



From time to time we are asked to offer our opinion as to whether or not gold should be a part of one’s portfolio.  While interest in gold seems to ebb and flow as economic reports and political events unfold, general interest seems to persist.  As such, we thought Dimensional Funds VP Weston Wellington’s recent article exploring the merits of holding gold as an investment is instructive.  Throughout the article Weston cites the thoughtful opinions of Warren Buffett.  His comment that “where gold advocates see a safe harbor, Buffet sees just a different set of rocks to crash into” offers insight into his question of Who has the Midas Touch?    Find this month’s article below.