Dear Gold, Thanks for the Diversification
At the very least, with its unique diversifying properties, gold should be considered by other investors as another form of liquidity.
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At the very least, with its unique diversifying properties, gold should be considered by other investors as another form of liquidity.
Merrill Lynch has added its voice to the chorus of gold bulls who have been predicting that bullion will hit $2000 an ounce.
The fact that peak gold may take place at a time when the world is engaged in peak fiat paper and electronic money creation bodes very well for gold’s long term outlook.
A key reason to hold gold today might be to prepare for the crisis tomorrow.
Given the degree of risk in the world – it is arguable that gold prices should have surged in recent months and should be at much higher levels today.
Should a substantial portion of investors in these vehicles demand physical delivery at the same time, it could cause a panic in the gold market which would cause a huge run up in gold prices.
Gold climbed to the highest price in two weeks amid speculation that central banks will take more action to spur growth, boosting demand for the metal as an inflation hedge.
There’s a plausible path to $10,000 an ounce gold. And it doesn’t require a breakdown in civil society…
Accuses CFTC of being formed to Hide the Manipulation of Metals, Says JP Morgan is the ONE bank in control of Silver and Silver should be $8250 per ounce.
There can be little doubt if history is any guide that the US Treasury and the Fed would rather not give gold a status that rivals the dollar, but they cannot boss the Basel Committee around.