Need to Know: Here’s why gold might die out as an investment [MarketWatch]
Cisco Systems, Inc. (CSCO)
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Source: MarketWatch
Here’s why gold might die out as an investment Mr. Market keeps trying to move on from Turkey worries, and earnings today from the likes of Macy’s and Cisco ought to help. Plus, the Turkish lira TRYUSD, +3.3202% is continuing to recover , even as Recep Erdogan & Co. ramp up their tariffs on American goods. Turkey’s leaders describe today’s move as “ retaliation for the conscious economic attacks by the United States.” But this geopolitical angst hasn’t been doing that much for gold GLD, +0.10% , which is trading around levels last seen in January 2017 . And that brings us to our call of the day from A Wealth of Common Sense’s Ben Carlson, who suggests that the safety play’s future isn’t so bright. “I don’t think you can rule out the possibility that gold’s GCU8, -0.80% value to society could be called into question in the decades ahead,” Carlson writes at his blog . What’s the problem? He points to the disruption-minded tech sector and suggests that post-boomer generations mig
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CSCO
Earnings
- 2/14/24 - Beat
CSCO
Sec Filings
- 4/5/24 - Form 13F-HR
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- CSCO's page on the SEC website