Investments > Gold and commodities

Gold is still a good bet

(1/1)

Philofacts:
Gold is still looking a great investment against rising inflation.
India has increased Gold imports by 1000% since 1990 as emerging markets beome more wealthy.

The Prophet:
Gold hit a new high this week of $1795 as financial stocks worldwide fell in panic after the US credit rating was downgraded from AAA to AA+ at the weekend.
The Fed's announcement that US interest rates are likely to stay at the current near zero levels until 2013 stemmed the falls sparking a modest recovery.

The Gold price is likely to surge ahead on current fears and the Euro crisis with many are expecting $2000 an ounce in the not too distant future.

Banjo:
It looks like Gold is the only way of preserving your wealth, especially after the stock crash over the last two weeks.

Philofacts:
Gold has risen in price by 16% in the last month alone and by 550% since the Gold bull market began ten years ago.

Navigation

[0] Message Index