(Following is the fourth in a series of articles on gold by Chuck Cohen, a financial consultant and lifelong resident of New York City.) Recently I discussed some of the reasons investors often fall short. Today I want to help bring clarity to your investment goals and also explain why gold should hold a central place in your portfolio. If you succeed in these two areas, you'll not only prosper, you will also be prepared for the incredible changes and shocks that I believe are coming. As Richard Russell always stresses, succeeding in the stock market is a lifetime learning process. At age 84 or so, he is still working diligently at it. As we have all learned, making money in the stock market is not as easy as the hucksters would have us believe. Success comes not just from market knowledge but from learning from our mistakes. And it is critical to acknowledge that we all make mistakes. To succeed also includes knowing ourselves, especially the emotions which often rule our decisions. It can be just as important to avoid a disaster or to get out of a potential one than to have a successful trade. Just as in baseball, we aim to have a high batting average and to avoid deep slumps. And as an aside, (speaking from experience), this invariably means making sure your spouse is comfortable with your finances. Because of these issues, we need to lay a foundation from which we can look at the markets, especially gold, intelligently and dispassionately. Once we have done so, we will get into more detail. Please excuse any overlaps or repeats as we go along. Some might be intentional, some not. Gold as a Core Investment When I began contributing essays to Rick's Picks recently, I didn't know
LATEST TRADES
