Gold

Do you recommend to invest in gold to hedge future inflation?

SAVAGE SAYS:I have always and consistently recommended owning some gold, or share of gold mining companies, as a small insurance policy against future inflation.  With all the money the Fed is “printing,”  future inflation is a distinct possibility.  But gold is also a volatile commodity.  It has traded as high as $1900 an ounce, and at this writing is around $1300 an ounce.

What you don’t want to do is speculate, or over-invest in hopes of making a “killing” — If gold really soars, it will be an indicator of lost faith in the U.S. dollar — and that will be accompanied by other bad cirsumstances.