Official figures released recently by the World Gold Council have confirmed that the annual demand for gold in 2010 rose by 9%, a ten year high, suggesting that the current price is not only sustainable but likely to increase further. Indeed, if you want to protect what you have and want to be sure that you are left with something for your future survival then get into gold now. It is the inflation proof investment that is like fire insurance for your personal wealth. Exactly like fire insurance, do you think you should buy it before or after the event? Words: 702
Read More »Asian Demand for Gold & Silver Will Cause Much Higher Prices – Here’s Why (+2K Views)
Ignoring real estate, most people invest their hard earned money in paper things - stocks, bonds, annuities, insurance - [except] in China and India... [where] they are converting their hard earned paper money into gold and silver bullion. [While] that is nothing new the scale and speed with which they are accumulating precious metals IS new, and it’s driving the fundamentals that will lead to higher prices in 2011. Words: 1421
Read More »Why Many Analysts See Gold Going As High As $10,000 (+8K Views)
My first reaction when I read an article* on this site by Arnold Bock - articulating why gold would go to $10,000 – by 2012 no less - was amazement. Who in their right mind would suggest that gold would eventually reach $2,500, let alone $5,000 or even $10,000? Words: 2097
Read More »