By nature, I’m a value investor. I generally don’t do “growth” stocks or invest in the latest tech trends. If you were to ask any of the editors here at Mitre Media about my Google (GOOG ) chat/hangout proficiencies, they would confirm that they are pretty non-existent.
For me, investing comes down to buying cheap stocks, sectors or asset classes that are out of favor. I am more likely to pick up shares in a beaten down railroad or industrial stock than I am in buying a biotech firm.
As a value guy, I’m also always looking at the new 52-week low lists or hitting up ETFdb’s sector database to see what has been falling. The latest look at the lists has me thinking about something shiny, yellow and precious.
I’m talking about gold—and not in a “run for the hills, hyperinflation is coming, buy all the bullion you can” kind of way. As an uncorrelated asset class, it is looking pretty cheap now.