The Gold has been doing very well lately, partly due to the depreciation of dollar, partly due to the fear of inflation, and last but not least, due to speculation. I think this Yahoo Tech-ticker interview explained why I don’t like Gold as long term investments very well. More importantly, it suggested alternative investments for gold.
From Yahoo Tech-ticker. I don’t necessarily agree his view (but it’s always good to listen to both sides of the arguments).
(Update May 2020) I found from this website, it seems the US consumer saving rate went up a bit in last 5 years, from 6%, 8% to most recent 13% . I can understand the last part due to pandemic. In fact our restaurant eat out (to go, take out) shrunk a lot. My wife is stocking up groceries and cooking much more.
(Original Feb 2009) From Yahoo Tech-ticker.
I am sure car companies don’t like this, so as the jewery makers, Nieman Marcus, Saks 5th Ave. etc etc.
The most interesing point I heard from this clip is American consumers recently shift from overspent 6% (negative saving rate of 6%) to a saving rate of 3%.