Gold a ‘dangerous' asset class in 2010 - Alan Miller

Former New Star CIO Alan Miller believes gold is the most "dangerous" asset class for investors in 2010.

Miller, the SCM Private co-founder, warns the massive levels of speculative buying by funds and individuals who had never invested in gold before is creating an almost unprecedented price hike. "I realise I will be burned at the stake for being a heretic but the most dangerous asset must be gold," he says. "The most dangerous words one can hear in investment are ‘it is different this time', as nearly every time it is not. And this is what all the gold bulls seem to be saying about gold at present." Miller believes shorting the dollar is also a risky option as the US economy has a hab...