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.
Jan 09
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:
- Central Banks are now buying gold
- Easy to find gold has already been mined
- The Population has increased 53% since the last “gold rush” in 1980
- The majority of the population increase has ocurred in India and China and these people love to own gold
- Mining costs are increasing
- Red tape and bureaucracy slow down the opening of new mines
- Greenlight hedge fund went from owning GLD (a gold ETF) to owning physical gold
- Currency concerns point to gold good investment
- Politicians are making a lot of mistakes
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.
Dec 28
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.
