As for Gold, as I had pointed out in my blog globalstudy.blogspot.com
- The dollar is weakening against the euro & other strong currencies. That always historically pushes up the gold. There's an INVERSE RATIO between the two.
- It's basically a wartime economy, folks. Some analysts are of the opinion VHNWI 's are hoarding up on gold in billions. Besides these some corporations are also stuffing up gold.
- This leads to a temporary shortage, pushing up gold prices even more in the future.
- Further terrorist attacks or even the threat of further attacks will boost up gold further.
- There's a credit crunch, leading to gold price increase.
As to silver, there's a serious scarcity in the market. There are newer demands on silver brought about high-tech.
Plus, all you have to do is look at the silver price hike...
Between 2003 July - 2006 November, gold hiked by around 90 % while silver hiked by 200 %.
In fact, silver might be the GREATEST LONG-TERM INVESTMENT , apart from some pockets of real estate....which are in fact, more hard to predict.
1 comment:
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