Gold may be a good hedge in times of uncertainty, but its rapid rise--and the talk about how it's a can't-lose investment--shows a striking similarity to the pattern of previous bubbles, like that in housing a mere three years ago.

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But the U.S. national savings rate won't rise, and its savings-investment balance could actually worsen.

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But Getty's chief executive and cofounder, ex-investment banker Jonathan Klein, couldn't disagree more with Davis' services-heavy strategy.

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