MakinSense: Here's What the Pros Are Doing With Gold Investments

Your gold fund investments are down about 20 percent year-to-date.
Goldman expects another 20 percent decline through 2014. They've been right so far on their gold call, but wrong on other things (see the video below).
The pros (hedge funds, I guess) have been cutting back their gold exposures since September 2011.
Gold is meant to be a diversifier, not a core holding. It functions as a hedge in your portfolio for two reasons:
1) If you believe the value of the U.S. dollar is declining, you buy gold. Gold holds its value better than the dollar (currency) if the dollar is declining. You can buy more with gold than a dollar.
2) If you believe the economy is going to implode. For the same reason as point #1, people buy gold as a safe haven. Save Haven is this weeks WTF Wall Street Word, stay tuned.
Here are a few other things you need to know if you own gold.
And remember when Trump took a few gold bars for payment instead of $176,000 a few years ago? Me neither.
Here's the video:

This post is part of a regular series of money explainers for non-finance people. Follow along and join in the conversation at

Image via (cc) flickr user Buy Silver Gold

via Jim Browing / YouTube

Jim Browning is a YouTuber from the UK who has an amazing ability to catch scammers in the act.

In this video, he responds to a scam email claiming he bought a laptop by breaking into the scammer's computer. In the process he uncovers where the scammers work, their banking information, and even their personal identities.

"I got an 'invoice' email telling me that I had paid for a $3800 laptop," Browning writes on his YouTube page. "No links... just a phone number. It's a real shame that these scammers emailed me because I was able to find out exactly who they were and where the were."

Keep Reading
HG B / YouTube

Danielle Reno of Missouri left her car running and it was stolen by thieves. But she wasn't going to let her car go so easily.

For 48 hours this owner of a pet rescue tracked the charges being made on her credit card. Ultimately, she found her car at a local Applebee's, and then went after the thieves.

Keep Reading
via Bossip / Twitter

Sens. Elizabeth Warren and Bernie Sanders took aim at former New York City Mayor Michael Bloomberg onstage at Wednesday's Las Vegas Democratic debate, likening the billionaire businessman to President Donald Trump and questioning his ability to turn out voters.

Sanders began by calling out Bloomberg for his stewardship of New York's stop and frisk policy that targeted young black men.

Keep Reading