Dealer gold an attractive option if economy heads south
Monday, February 1, 2010
A double dip recession is one concern sometimes raised by economists.
- By Bruce Sands
One concern with the current economy has been the possibility that even in light of a pending recovery, there could still be a “double dip” recession that could produce conditions even worse than they were a year ago.
This has remained true even in light of a gross domestic product that grew at an encouraging 5.7 percent rate in the fourth quarter of 2009.
An economist who has been especially concerned about such prospects in recent months is Nouriel Roubini, who has been credited by some as predicting the recession that plagued markets for much of the last year.
A recent Bloomberg News report quoted Roubini, a professor at New York University, as saying that the prospects for long-term growth are “very dismal and poor” and that the nation is suffering from a “human recession” and is “in trouble.” The news provider also quoted him as saying that the economy “is going to feel like a recession” regardless of whether a recession is officially underway in the coming months.
Given such concerns about the economy’s performance, investors may want to consider adding gold or silver to their portfolios as a safeguard against setbacks in the stock market and financial system in general.
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