AboutAlexander J. Hay Expertise questions on international investing for the nine institutional investor
Experience I am a U.S. attorney with offices in the United States and Belize. I have experience helping to protect assets, reduce taxes, and improve investment performance by utilizing global investment techniques.
Education/Credentials Harvard University, A.B. degree; University of Houston Law Center, J.D. Degree; Fulbright Scholar
Expert: Alexander J. Hay Date: 4/24/2008 Subject: Investing in Depressions
Question In times of depression it is said that you should invest in precious metals. It would be good to have something that is easy to trade.
We are often told that gold is reaching new price records (not adjusted for inflation) and we are really just edging on a recession (written April 08). Does this mean that if we fall into a depression that prices will have increased dramatically from what they are now?
Are there any other investments that are worth looking into?
Thanks
Matt
Answer It is really impossible to answer these questions without writing a book, and even then there is no saying that anything I might say would be true. It is always wise to keep a little bit of gold about. The general rule is that Gold and other precious metals are a hedge against inflation and will be a valuable asset if and when everything else loses its value.
