As all the fiat currencies collapse with the bailouts and stimulus plans (i.e. printing money) gold will end up coming back strong. Gold may dip down in the $700's or even the $600's but once inflation kicks in from all the money printing from around the world gold will be a good hedge investment. China may increase their gold reserve holdings from 600 tonnes to 3000 or 4000 tonnes (they have $1.9 trillion in dollars that they may want to convert before the US dollar becomes worthless). Interesting article on gold here:
http://www.moneymorning.com/2008/12/03/gold-prices-4/
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment