Don't catch the gold bug. In fact, it might be time to sell it.
The precious metal is the ultimate "haven" play -- and with the markets cratering in the past few years, gold has surged. All of a sudden, lots of pundits and professionals are suggesting investors tap into the gold market, be it via gold stocks, gold funds or the metal itself. In today's Portfolio Therapy, Dagen McDowell advises investors to resist gold's allure.
In the 20-minute Webcast, Dagen offers several key reasons why investing in gold today is the same "greater fool theory" that guided tech stock investing in the late 1990s.
TheStreet.com offers Dagen McDowell's Portfolio Therapy twice a week. In each 20-minute Webcast, Dagen gives listeners money-making wisdom, answers to tough investing questions and lively rants against the excesses and abuses on Wall Street. Click on the accompanying tile above to listen to today's Portfolio Therapy. You can also check out Dagen's previous sessions.