|Boot of Cortez|
|Photo: D Finnin/AMNH|
So says commodity markets expert Jeff Christian, in a stark warning to investors who would recklessly speculate in the bullion markets.
It's not that he's recommending refraining from betting. Rather, it's eliminating the "blind" part that he advises.
Getting educated in metal matters will go a long way toward improving investor vision, says Christian, managing director at New York-based specialty consulting firm CPM.
But before cracking open metallurgical texts or geological tomes, metal-minded investors might enjoy a less-taxing introduction, by taking a trip to Manhattan's
All That GlittersThrough Aug. 19, the venerable museum is hosting Gold, a specially designed and painstakingly collected exhibit that takes attendees through the illuminating and rich story of the yellow metal. "The exhibition is very education-oriented," adds Christian, who saw the show when it opened in November. "You start off looking at impressive ore masses, but then it backs off and shows you rocks," as well as details the processes used to extract the metal, and its end-product uses. The idea for the exhibition came after some AMNH staff members saw a similar event at the Houston Museum of Natural Science and were impressed enough to want to bring it to New York City. Unfortunately, not all the items on exhibit could be lent, explains James Webster, curator of earth and planetary sciences at AMNH. So the AMNH ended up creating its own glittering version. "We added new pieces and in that process bumped up the science component of the show," Webster says. And that's where it may be an especially good start for those investors needing or wanting a primer in all matters gold. Mankind is becoming more and more ingenious in finding ways to extract gold from lower and lower grades of ore deposit, notes Webster. Some of it he dubs "no-see-um" gold, which necessitates "digging bigger and bigger holes" and utilizing ever more clever recovery methods. Even those who already come with substantial knowledge can learn something. "
|Wells Fargo Portable Safe Deposit Box|
|Photo: R Mickens/AMNH|
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