Wednesday, September 29, 2010

Gold Prices & Gen Y

I'm always interested in all types of investment and economic indicators. Watching gold futures prices hit an all-time high yesterday told me that most people are still worried about inflation (gold, as a hard asset, protects against this evil) as well as general economic malaise. 

It's amazing how we can get conflicting economic numbers and statistics telling us a recovery may be near and then see gold prices skyrocket to over $1,300 an ounce. To me, that means investors are still skittish and we have a long way to go before we're going to see serious economic growth again. The signals gold is giving us proves that all types of indicators are important when watching the economy. I've been following these indicators now more than ever because the longer the economy takes to recover, the longer jobs growth will take to recover,  which in turn has drastic implications for Generation Y.

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