Gold has been on quite a run for the last few weeks. The new quarter could be another record breaking one when it comes to the gold price.
The gold price on Friday was trading as high as $1,322 and as low as $1,307.30.
Many people are now thinking about investing in gold when previously it was the furthest thing on their minds. it’s definitely worth keeping an eye on in the coming three months.
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.
Interesting video that I found on YouTube about why physical silver and gold is a better hedge against hyperinflation than ETFs. Again the choice on how to invest in gold is totally up to you. You know what’s best for you when you buy gold. However, it’s always good hear a broad range of opinion about buying gold before you invest.
An interesting article on the outlook for gold prices in the next few years that was published by gold-eagle.com counters the arguments made by the gold bears out there.
Here is a quick summary of the pro-gold argument:
Even if you are not as sure about the future of gold. I believe that is a solid prudent investment that everyone should make. Even as a hedge that gives you peace of mind. Buying gold can be justified on several levels.
Check out the full original article.
This video was posted over 2 years ago. It’s still quite interesting. Most people look at gold as a hedge. Private investors should look to hedge other investments. As we have seen, with the recent financial turmoil having a hedge makes a lot of sense. For those of you new to gold this video provides a good introduction.
Gold pulled back from it’s record high today. The Dollar bounced up after some sustained losses recently. Again, I never look at gold from a day trading perspective. It is my opinion that individual investors shouldn’t try to make a quick buck from day trading gold. However, I advocate a balanced approach to buying gold. When you have money that you would like to save, then it’s a good idea to put a portion of it in gold.
As the recent rally has shown. Gold is a great hedge against the Dollar. If you have all your savings in one asset class then you are exposed. Prudence is the best approach for the long term financial future of individual investors. Buy gold when you can afford it at different intervals. The concept is that you are protecting the purchasing power of your savings by buying gold.
Max Keiser has spotted a trend in the hedge fund industry towards hedge funds marketing themselves as having 10% – 20% of their assets in gold. It’s quite interesting when you think about it. No currencies are backed by gold yet a significant portion of hedge funds could be. Check out what Max said in greater detail below:
