| Business & Wall Street Weekly |
| Gold Surpasses $500 an Ounce, and Still Climbing |
| by Lorene Collier |
The last time gold hit $500 an ounce was in 1981... Gold is the only currency that can't be printed.
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Did you know gold is a liquid asset, which can be bought and sold easily and is used to meet any international debt repayment? Bottom line, gold is solid currency, superior to the paper variety - though not many of us are willing to lug gold around or try to make change with it.
Gold could just be the most important investment venture for the next couple of years. Gold, at the moment, should be bought rather than sold. Especially with the upward momentum gold has been seeing at over $500 an ounce this week, a 24 year high! As reported by Bloomberg TV, gold is seen as easy to invest in, a hedge against inflation and suggested by financial planners to be included in your personal portfolio. A true safe haven.
Most investors are underweighted in gold. Do pension funds mention their asset allocation to gold? Rarely! And rarely do any of them own it in their managed funds. With the recent uptick in the price of gold, demand may come from every corner of the earth as speculators get in on the next big gold rush. Possibly well before pension fund managers and banks.
Will we be seeing gold price spikes of $10-20 per ounce in the months ahead? I would dare to say "yes". That is why I have been quietly and methodically adding junior gold stocks and gold bullion to my personal portfolio over the last several years. Since the year 2000, an ounce of gold has increased in value by over 100%.
Don't forget to add some silver with your gold. Silver is up over $8 an ounce. Another several year high.
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Lorene Collier makes no guarantee the accuracy or completeness of this report, nor does she assume any liability for any loss that may result from reliance by any person upon any such information or opinions. Such information and opinions are subject to change without notice and are for general information only. In making any investment decision, you will rely on your own review and examination of the facts and the records relating to such investments. Trading the market is extremely risky. Her suggestions are very speculative.
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