Not Quite Sold, On Gold That Is

In the midst of market turbulence, many investors are blindly rushing to gold without any concern for the long-term consequences of doing so.

Franklin Allen and Jeremy Sigel, both finance professors at The Wharton School of the University of Pennsylvania, have been speaking out about the risks of investing in gold, or even worse, investing based on sentiment. Due to wide fluctuations in prices, “I don’t think it’s a good buy-and-hold for a long-term investment,” Allen said.