Gold prices have experienced sharp increases over the past few days. Thomson Reuters GFMS annual gold survey released today shows that global investment increased 20% last year to $80 billion, leading to the nominal high last September of $1,920/oz. This is primarily attributed to the physical buying of bullion.
Let’s recap what has happened in the financial markets recently to affect gold prices.
“I like to think of the gold position as a kind of stock insurance,” CNBC’s Jim Cramer says in a Dec. 30 lesson in investment diversification. “Now, would you want a home without homeowner’s insurance? No. You wouldn’t own a car without car insurance. You shouldn’t invest without some gold exposure because gold pays off…
As of today (January 18th 2012) physical gold bullion is trading at $1649 an ounce. If you had the chance to buy gold at $552 today, would you? Well based on current levels buying silver right now at $32.6 an ounce is like buying gold for $552 an ounce today.
Silver is currently trading at about
A recent silver update concerning the upside potential of owning physical silver with ‘Silver Shield’ Chris Duane addressing the following statements:
“I am working furiously right now
Investing in Gold in 2012Dennis Garman was recently quoted by Bloomberg as saying the following:
“Since the early autumn here in the Northern Hemisphere gold has failed to make a new high. Each high has been progressively lower than the previous high, and now we’ve confirmation that the new interim low is lower than the previous low. We have the beginnings of a real bear market, and the death of a bull.”
Here are the Top 5 Reasons 2012 will be a Golden Year for precious metals investors.
