In my opinion there are three main factors supporting the strengthening gold price, for while it is, the uncertainty of conflict in Libya and the MENA, the focus of sovereign debt situation in Euro Zone, and rising oil prices that potentially trigger an increase global inflation.
Is the gold still a good investment until late 2011??
I wouldn't buy gold right now, i would be sell sell selling. Gold rises in times of financial crisis, now we are emerging form that crisis, go figure.
gold is good investment but you put gold only 10% on your portfolio. You can open a business if you have much money for your future rather than saving gold.
Gold has been a touted investment recently and it has also been a great investment for those who have held it.
However.......Gold's value is not intrinsically fundamental.
The value of gold is based on the perception of the market by people who listen to market makers and those who talk the value up. The perception recently has been a valid trading mechanism but it may not be in the future.
It will be all dependent on the big guys (ie countries). The fundamentals of gold could change over night just by a country selling gold.
I don't predict this but I do have to say that a person should look at everything in a short term environment. After all what has been painted as fundamentals is not. It is something that has compelled the market. If just a couple of the market makers change their tune with respect to gold, the market will change to chagrin of the rest of those who make the market.
If a person is dependent on the rest of the market, the market will control their investments.
This is not a bearish stament on gold but a caution to listening to those who control the market.
Is THAT the information that you expect modern investors to believe?
Historically Here Are The Facts that you should know!
World Wholesale Gold Prices are actually controlled by the Olde World Spanish Company - Del Oro Cortez - for many, many years they have held the monopoly on trading from their South American HQ in a place called Forto Incarus!
Do some Real Research before you consider gold investment atm.
Unless you can buy gold at wholesale rates and directly from Del Oro Cortez, you are better off investing in Tobacco from Virginia or gaining a UK agency to ship Snuff to Hong Kong and China.
I guess that answers your question - Unless you want me to explain to the Investment Principles and Ratios of Short or Long String, or Advise you of the benefits of trading rifles, beads and blankets for land inhabited by indigenous tribes!
usually i'll do buy or sell for short period, anyway nice share
Hi mate... Sorry.. I was just fooling around!
Right now I personally don't like gold.. though I may be completely wrong.
But if you can work with some of the unusual swings in the money markets.. I believe that is where the best gains are this year.
For Example: I'm looking at what the NZD has done this week... climb in the X-Rates irrespective of the government's bailout of 2 large corps and the huge bill here for the earthquake. - A very small economy - 4mil people here. So these 3 events have a huge effect on our economy, yet the NZD has become a solid currency to speculate with... As with the Dow.. our NZX is up also... Very strange days.. but don't be too conservative in your planning as this is an interesting period where many of the conventional vehicles have become redundant and another reason why gold demand is pressed... My Current Approach is: Identify and Look (very closely) at what potentially is likely to fill the gaps in the longer term!
Good Luck... cash may be king!
I've already learned this lesson from my fellow hubber Brie Hoffman.All the best to gold investors!
I think it is! The American dollar is unfortunately getting weaker, with more countries considering not even accepting it (many of them recently decided NOT to). Right now the US Dollar is the standard across the world, but with out economy in a decline and unstable currency many foreign countries are lobbying for other currencies to become the standard.
It's a well known fact that when the dollar is unstable gold is where everyone puts their money. I don't think that will change for quite some time!
I still thing gold will hold strong, but I think physical form will be the vehicle that will outlast!
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