The gold price
Gold Investment 'still makes sense' - 16 May 2009
A respected gold columnist has suggested that investing in the yellow metal is prudent as the economic crisis is not going to be alleviated overnight.
Writing for Mineweb, Lawrence Williams explained that a number of experts have been predicting that the start of a new bull market for stocks is on the verge of arriving.
However, he noted that levels of Gold Investment have not dipped during recent weeks, which he believes underlines that fact that many people are "continuing to hedge their bets".
He wrote: "The global debt position is still an enormous cause for concern and many of the noises coming from politicians talking of 'green shoots' and 'safety nets' seem to be little more than hot air designed purely to try [to] build general confidence.
"So gold, which thrives on economic uncertainty, should continue to play a major part in wealth preservation. It thus makes sense for at least a significant portion of one's wealth to be invested in gold."
An even more bullish perspective for Gold Prices was outlined by technical analyst Ian McAvity this week at the New York Hart Assets meeting, Mineweb reports.
The editor of the Deliberations newsletter made the "observation" (rather than "prediction") that gold should move to $5,400 per ounce in 2011 if it follows the peak pattern of the previous bull run in 1980.
For the very best Gold Prices - live online - plus secure storage of your physical property in Zurich, Switzerland for one-third the cost of an exchange-traded gold fund, click through and register with BullionVault now...
Writing for Mineweb, Lawrence Williams explained that a number of experts have been predicting that the start of a new bull market for stocks is on the verge of arriving.
However, he noted that levels of Gold Investment have not dipped during recent weeks, which he believes underlines that fact that many people are "continuing to hedge their bets".
He wrote: "The global debt position is still an enormous cause for concern and many of the noises coming from politicians talking of 'green shoots' and 'safety nets' seem to be little more than hot air designed purely to try [to] build general confidence.
"So gold, which thrives on economic uncertainty, should continue to play a major part in wealth preservation. It thus makes sense for at least a significant portion of one's wealth to be invested in gold."
An even more bullish perspective for Gold Prices was outlined by technical analyst Ian McAvity this week at the New York Hart Assets meeting, Mineweb reports.
The editor of the Deliberations newsletter made the "observation" (rather than "prediction") that gold should move to $5,400 per ounce in 2011 if it follows the peak pattern of the previous bull run in 1980.
For the very best Gold Prices - live online - plus secure storage of your physical property in Zurich, Switzerland for one-third the cost of an exchange-traded gold fund, click through and register with BullionVault now...
Goldbug, 16 May '09
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