You've no doubt seen those television advertisements touting gold as a get-rich-quick investment. Well, it is a get-rich-quick proposition – for the seller!
The gold coin "sales pitchers" say it's worth its weight in gold. Well, yes. In fact, it always has been.
But as Cornell Ag Economist William Schulze noted recently at Cornell's Agribusiness Outlook Conference, today's gold prices are trading on fear induced by the global economic recession.
Would he buy gold today? "Certainly…