Spot Gold … Higher Prices Ahead
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Gold has gone up every year for the past nine years.
According to Elliot Wave analyst Alf Field, we’re in a powerful wave three up right now. True a lot of institutional investors have attention deficit disorder, but considering the fundamanetals such as return on investment, I expect gold–and silver–to pop this year.
Infllation while not a threat now is coming down the road. The massive decline in supply side investments in commodities with the current economic downturn will come to haunt us a few months down the road in terms of scarcity and higher prices. So there are plenty of reasons to buy Gold now.
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I am not an economist or anything even remotely related to such professionals. However, one thing which I cannot understand is why would the commodity prices (including Gold) will fall in the long run when every country has decided to print more currency and flood the banks with more currency. At some stage this currency will be in the hands of people who will use it to pay higher prices for the same goods we buy now, inflation will have to be high and under those conditions, all commodities will have to be high as well. Can someone explain why there can be deflation and falling commodities when trillions of dollars (and Euros and Pounds) will flood the system with paper money.
Metal Detectors
When the world is collapsing around you, people tend to run where they can. Gold has had some value for thousands of years, Fiat or paper money has been around for hundreds. But it has only been in the last 50 that all paper currencies are no longer tied to either gold or silver.
Neither of them can be created willingly as is the Case of the Dollar currently. When the chickens come home to roost, they will find a burning hen house. The world is awash in dollars, more so every day. All it will take is a few small emerging market nations to sell their dollar reserves to bolster the purchasing power of their own currencies i.e. prevent inflation.
Gold mining
There is no shortage of physical metal in the wholesale markets (ie 400oz gold bars and 1000oz silver bars), it is the conversion of that metal into retail coins and bars that is causing a shortage of retail product, pushing up their prices. In other words it is a production capacity shortage.
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