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Posts tagged ‘gold outlook’

24
Jan

Gold As An Investment

California gold nugget

California gold nugget

So, now gold is trading at prices that are closer to what they “should” be (based on official inflation figures). I guess my question is: will the gold price become more stable (and more in-line with inflation) now (in which case, it should be expected to go up “long-term” at the same rate that inflation does)? Or will it be incredibly volatile over the “long-term”…as it has been in the past.

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4
Dec

Gold Price Could Fall On Economic Recovery

Arizona gold nugget

Arizona gold nugget

I worry about sell pressure on gold in an economic recovery. Other assets will become more attractive causing much of the money in gold now to flow into other assets. Gold does have scarcity power, but the massive demand now is being driven by concerns over the economy and the dollar. Gold is not seen as investment, but rather a safe haven that will devalue less than alternatives. Read more »

21
Nov

Spot Gold Price Outlook

crystalline gold nuggets

crystalline gold nuggets

Tom Winmill of Midas Funds. Since 2002, Mr. Winmill has served as the portfolio manager of the firm’s Midas Fund (MIDSX), a precious metals equity mutual fund that’s currently up more than 86% year-to-date. Here is what Mr. Winmill forecast for the gold:

Prices have already come up beyond my target for this year, which was $1,100/oz. Read more »

25
Jul

Spot Gold Price Headed Higher?

crystalline gold nugget

crystalline gold nugget

With pressure on the dollar by both China and India, plus the inflationary policies by the Fed, the only thing that will prevent gold from reaching much higher will be the manipulation of world governments and banks.

The value of gold is to “preserve” wealth; not necessarily to “increase” it. Think of it as being an insurance policy.

20
Jul

Spot Gold Moves Up

Crystalline gold nugget

Crystalline gold nugget

Gold is currently trading at $954.30/oz and has broken though resistance of $939 and $942 very quickly. Fresh interest in the metal as an inflationary hedge surfaced on Friday on the back of a weaker dollar and higher oil prices. The interest has continued into Asian trading overnight.