/ Ask Terry Questions / gold stock

gold stock

By Terry Savage on July 08, 2020 | Investments

Is holding a gold stock a good idea for an 86 year-old widow?

Terry Says

It was the only stock I let my mother hold! But she didn’t live long enough to see the big gains. Today the price of gold moved over $1800 an ounce. I expect it to go significantly higher in the months ahead — as the true “price” of all this money creation destroys faith in the U.S. dollar.

I’m impressed that you own a gold stock! I think — if it is a good company — that the price will go higher. But make sure you have plenty of cash, and other investments, because there is no guarantee and gold stocks can be volatile.



a personal
finance question