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Carrick on money: Why gold investors rushed for the exit

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

Why gold investors rushed for the exit
The gold bulls at Sprott Asset Management argue that the plunge in gold prices this week is a buying opportunity.

If gold is seen as a hedge against uncertainty, doesn't that suggest a drop in gold prices is reason for optimism? Unfortunately, as noted in this Reuters report, the latest economic indicators suggest there's not much reason to believe in a global economic turnaround.

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Gold prices are rigged and not a reflection of underlying global economic fundamentals, it says here.

How I saved $300 on home insurance
A blogger explains here how he cut his home insurance bill by checking over his coverage and the information his insurer had about him.

Here's my recent rant on home insurance. Enough with the premium hikes already.

My bank serves beer
The growth in use of online banking and ATMs means people visit a bank branch less than ever. Read here about the novel approach some U.S. banks are using to get customers to stop by, including Oktoberfest celebrations and yoga.

More money
Join the 21,000+ 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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