Peter Schiff put’s gold in perspective amid the current European crisis.
May 06
This is a remarkable day for the DOW. There has been some heavy swings and a borderline collapse. This backs up the case to have Gold as a part of your investment portfolio. A safe haven to hedge against any dramatic falls in stocks should be part of any sensible investor’s portfolio.
If the current crisis in Greece spreads there is a summer of volatility ahead on both currency and stock markets. Think about Gold because there may be an opportunity to get a good deal during this current gold rally because of people selling to realize profits.
May 06
The current problems Greece is facing is having a huge impact on both currency and stock markets. The Euro is suffering along with European bank stocks. This is a time where the value of having Gold as part of your portfolio becomes really apparent.
If the crisis in Greece spreads to other European countries Gold will become an extremely valuable asset to have in your personal portfolio. It’s scary to think about it, but the Eurozone is currently in very bad shape. After Greece other countries such as Spain, Portugal and Ireland have the distinct potential to put enormous pressure on the currency.
Gold is a counterweight that you can use to safeguard your personal wealth against this scenario. It may be floating around all time highs right now but if European sovereign debt fears prove true it may go a lot higher. This particularly rings true for people in the Eurozone.
Apr 02
Interesting history lesson on the relationship between gold and the US Dollar.
Mar 18
Gold Group’s John March lays out the chances of hyperinflation and that physical gold is a good way to protect against it. He predicts $1,500 – $1,600 gold by year end.
Mar 18
What if the purchasing power of the dollar falls dramatically? What if the relationship between gold and the USD re-calibrates to the ratio of 1980? Here is an interesting video that looks at this in detail. It’s actually quite scary but the points are well argued.
Mar 18
Interesting perspective on commodities and gold by Jonathan Barratt on Bloomberg. This discussion lays out where gold is likely to be by the end of 2010. It shows some more headroom for gold.
Feb 27
Sumitomo’s Bob Takai discuses the price of Gold on Bloomberg. He believes that there is a positive outlook for gold for the rest of the year.
Feb 27
Jim Rogers gives his thoughts on what is likely to happen by the end of 2010/start of 2011. It’s quite interesting and some great points are made. This indicates that commodities and gold could be a safe place to be if global currencies collapse.
Feb 11
Gold Fields CEO Nick Holland lays out his prediction of Gold. He presents a very interesting insight.
