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Carrick on money: Gold, the worst investment ever?

Canadian gold coins are displayed at the Royal Canadian Mint's gold refinery vault on Nov. 28, 2012.

ADRIAN WYLD/THE CANADIAN PRESS

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Worst investment ever? That's you, gold
"History shows that the longer you hold gold, the worse it is," writes Prof. George Athanassakos, who holds the Ben Graham Chair in Value Investing at the Richard Ivey School of Business.

Trouble ahead for the stock markets
A powerful argument is made here that the U.S. market is heading for a correction.

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How iPhones are a ringing bargain
Read here about the incredible technological power of the iPhone – equivalent to virtually all the gadgets displayed in a full-page Radio Shack ad from 1991.

Forget the mortgage and invest instead
An interesting case is made here for people to stop thinking of houses as investments and instead consider investing with exchange-traded funds, or ETFs. This blog post appears on the website of a group that provides ETF analysis, so there's an obvious bias here. But the arguments made are worth a look if you're adamant that houses are a great investment.

More money
Join the 35,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998.Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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