This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.
"As my favorite stock for 2009, I recommend that investors buy the SPDR Gold Trust (NYSE: GLD), a gold exchange-traded fund," says international investing specialist Vivian Lewis.
In her Global Investing newsletter, which focuses on ADR and other global issues that trade on U.S. exchanges, the advisor explains, "I think every portfolio needs an inflation hedge in a period of unbridled monetary easing and pump priming."
Lewis explains, "SPDR Gold Trust does not depend on the economy coming right nor is it a play on recession and doom. Forecasting the macroeconomic trends in the U.S. and worldwide is very difficult in the current unprecedented economic crisis.
"But there is one thing you can be sure of: the measures already taken by governments around the world to stimulate their enfeebled companies and unclog their banking systems will result in an inflation problem.
"The vast government deficits engendered by the bailouts and stimulus will eventually have to be addressed. There aren't many options.
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