What’s Up With Those Gold Bears?

bullion — Sun, 10 Jan 2010 04:59:13 +0000

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.

Gold Price Surges Past the $1,100 mark

bullion — Mon, 09 Nov 2009 16:03:25 +0000

The rally continues as gold broke the $1,100 mark today. The main reason for this is the Dollar weakening against other currencies. As a result, it also weakens against Gold. The low interest rates maintained by the Federal Reserve indicate that this Gold surge may continue.

Speculation is rife that more central banks are considering following in the footsteps of the Indian Central Bank and buying Gold. The combination of the Dollar’s weakness aligned with the speculation on more central banks buying gold may see this rally continue for a little while longer.

The Best Way to Buy Gold » gold prices

What’s Up With Those Gold Bears?

Gold Price Surges Past the $1,100 mark