on August 21, 2009 by Adam in Investing, Comments (3)

Might be time to sell Gold, Buy Stocks

It seems that the stock market has already hit its bottom, and unless something drastic happens it will continue to rise over the next few years and regain much of its losses. Considering that belief I think its time to get out of defensive positions of gold especially, which hasn’t lost much value during this recession, and get into fast growing stocks such as banks. Although more risk is associated with bank stocks, if you do your research I think it is worth it.

Below you will see the performance of a gold based ETF GLD, the Dow Jones Industrial Average, and Lloyds Banking Group.

gld

dj

lyg

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3 Comments

  1. Amazed Citizen

    August 21, 2009 @ 6:56 pm

    personally, i like to go with the safe and steady

  2. Adam

    August 21, 2009 @ 8:25 pm

    In a follow up to this post, DOW and CITIBANK are up big since this article was posted.

  3. Ryan

    August 24, 2009 @ 7:05 pm

    turns out you were absolutely right, good job!

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