I recently found this article and thought I would share.
Gold bull still has a long way to run
I know in the past that Silver/Gold investment has been laughed off these forums by some as trinkets or not of use to get rich fast and they are probably right if you buying without leverage and physical metal only.
Luckily for us there are shares on the ASX which are hugely leveraged to the price of Silver and Gold and small movements upwards can send the profits and share prices for these stocks soaring.
There are a lot of pros for Gold and reasons the price should keep rising, China is increasing it's reserves and encouraging it's citizens to buy, the Fed continues to monetise US debt, Gold is less than 20% above a 30 year old high and less than half of the high in inflation adjusted terms.
Gold is not an inflation hedge, it's a crisis hedge and this crisis is far from over.
Happy to disclose some of my (ASX listed) holdings and reasons for picking them, but if the interest is not there I won't bother. I'm not looking to blindly ramp, but Gold is going places. Maybe this thread will receive limited or no replies, that's cool, I'll dig it up in a couple of years
Gold bull still has a long way to run
One-thousand Federal Reserve Notes per troy ounce! This past week gold edged over $1000 to close at its highest levels ever witnessed. This much-maligned investment has nearly quadrupled since its secular bull’s humble beginnings in April 2001, a fantastic 297% gain compared to the S&P 500’s pathetic 7% loss over this 8+ year span.
With gold being the best-performing major asset of this decade, and now surpassing the once-unthinkable $1000 mark, many investors are growing wary of its future prospects. Is gold too high today? Are $1000+ levels unsustainable? Is gold’s secular bull nearing its end after this metal’s epic run? These first tentative steps over $1000 are really fanning the flames of doubt.
Article continues here
I know in the past that Silver/Gold investment has been laughed off these forums by some as trinkets or not of use to get rich fast and they are probably right if you buying without leverage and physical metal only.
Luckily for us there are shares on the ASX which are hugely leveraged to the price of Silver and Gold and small movements upwards can send the profits and share prices for these stocks soaring.
There are a lot of pros for Gold and reasons the price should keep rising, China is increasing it's reserves and encouraging it's citizens to buy, the Fed continues to monetise US debt, Gold is less than 20% above a 30 year old high and less than half of the high in inflation adjusted terms.
Gold is not an inflation hedge, it's a crisis hedge and this crisis is far from over.
Happy to disclose some of my (ASX listed) holdings and reasons for picking them, but if the interest is not there I won't bother. I'm not looking to blindly ramp, but Gold is going places. Maybe this thread will receive limited or no replies, that's cool, I'll dig it up in a couple of years