$2000 Gold? When?
For those of you wondering how to invest in gold and when to do so, perhaps this forecast from Investment Bank Societe Generale will provide some insight. Bank strategists are looking for new lows in the dollar, hence higher gold prices. Specifically the bank's gold prediction puts gold at $1500 before mid-2010. That's less than 6 months from now.
Strategists also point the finger at the supply side to back up their gold predictions, saying global supply looks to remain flat in the face of increasing demand. From other reports we learn that China has not only been secretly increasing its central bank gold reserves, it has been encouraging its citizens all to own gold as well. This puts even more pressure on the supply side. It's been said if every Chinese citizen owned a gold coin, that increased demand alone could double the gold price. Indeed it has provided the basis for some expert predictions of $2000 Gold and higher in the months and years ahead.
Looking further into 2011, these same bank strategists believe silver could outperform gold by the latter quarters of 2011. It may be wise to include some silver in any gold diversification strategy.
To answer the question "How to invest in Gold?" Gold Eagle Bullion Coins may be a good place to start. The 1 oz. American Gold Eagle remains the most popular gold coin in the world as t's weight and purity are guaranteed by the Federal Government. The American Gold Eagle is also very liquid as it is readily bought and sold by coin dealers worldwide.
To answer the question, "When to invest in Gold?" If bank predictions are accurate, now may be a good time as Societe' Generale' anticipates 30% returns or higher by mid-2010. Beyond that, unless you believe there is no risk on inflation, a weaker dollar or soaring national debt, precious metals could be your best investment choice for years to come.
Strategists also point the finger at the supply side to back up their gold predictions, saying global supply looks to remain flat in the face of increasing demand. From other reports we learn that China has not only been secretly increasing its central bank gold reserves, it has been encouraging its citizens all to own gold as well. This puts even more pressure on the supply side. It's been said if every Chinese citizen owned a gold coin, that increased demand alone could double the gold price. Indeed it has provided the basis for some expert predictions of $2000 Gold and higher in the months and years ahead.
Looking further into 2011, these same bank strategists believe silver could outperform gold by the latter quarters of 2011. It may be wise to include some silver in any gold diversification strategy.
To answer the question "How to invest in Gold?" Gold Eagle Bullion Coins may be a good place to start. The 1 oz. American Gold Eagle remains the most popular gold coin in the world as t's weight and purity are guaranteed by the Federal Government. The American Gold Eagle is also very liquid as it is readily bought and sold by coin dealers worldwide.
To answer the question, "When to invest in Gold?" If bank predictions are accurate, now may be a good time as Societe' Generale' anticipates 30% returns or higher by mid-2010. Beyond that, unless you believe there is no risk on inflation, a weaker dollar or soaring national debt, precious metals could be your best investment choice for years to come.