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After selling off its three month lows of $1,156.90 per ounce, prices of gold have been coming back. Driving the yellow bullion higher is the euro, which is strengthening against the U.S. dollar, and rising prices of oil and even stocks. But as gold comes back off its lows, is it time for investors to get in? If stocks continue to rise, it seems that gold could fall further.
We turned to James Altucher, managing director of Formula Capital to find out.
Altucher says that investors should not buy into the precious metal. The reason: He sees greater upside for stocks. Listen to what Altucher has to say in this short, yet very frank discussion about gold, silver and stocks.
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