Is this the article Skol?
http://www.nzherald.co.nz/business/n...ectid=10667148
'
There's a plug for OceanaGold in there..and it's generally fair. So one 'financial advisor' thinks people should stay out of gold, he wouldn't go there. But since 2008 people have been increasingly moving into this 'bubble'. It seems to have a fairly wide timeline. As someone else pointed out, gold hit 840 in the last spike but was at 735 the next day. People are unlikely to buy at the top.
In any case, how would a financial advisor make any commission out of gold. No annual fee, no retainers fee, no hefty upfront payment. I was shocked when I found out that often your first year's life insurance premium on a new policy goes to the agent, for bringing through the business. That's why they hang around to get the cheque, because it's their wages topup you're writing out. Financial advisors are (or have been) no different, often selling those products with the most upfront and ongoing commission, regardless of risk to the holder.
My experience is that there is no easy way to build up investments, it takes homework. Like many on here, I now like to be more in control of what I'm investing in. Apart from there being no leverage to gold (which can be a good thing!), people acting as a herd and buying gold should work out OK. And the price is still not far above the cost of extraction. It's a very rare element.