Roller coasters? Or safe on the rock

There’s been a lot of wind blowing, wave tossing, and ground shaking in the world of late. Yes, the literal stuff, but more recently the figurative. The euro-zone in danger, the world markets swinging drastically, the debt-ceiling crisis in the United States, and employment still on shaky ground in many countries. 

Some financial analysts are predicting the worst. But while the pundits and analysts posit their theories, and those in power can’t agree on solutions or don’t even see what they are, it’s easy to understand why people want off of the roller coaster for a “safer” solution. As individuals, we need to make decisions about where we place our value. “The cost of anything safe is going higher and higher,” says Eric Stein, a vice president and portfolio manager at Eaton Vance Investment Managers, citing the cost of gold, which had surged to over $1,700 an ounce. 

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September 12, 2011

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