Thursday, 7 July 2011
Posted by
Admin Hijrah Dinar
Posted by Brittany Stepniak - Wednesday, July 6th, 2011
Gold prices are projected to take some dips this week. Is the bubble popping...or was gold even in a bubble at all?
Most say no. Some analysts, including many respected hedge fund managers, see no end to gold's long reigning bull-market trend-- predicting as much as 140 percent gains in five years.
Here are a few simple reasons why:
-Gold is one of the only true save havens when hedging against inflation
-The dollar's value is unstable
-Fear: fears of future financial meltdowns, hyperinflation, debt crises etc.
-China and India have an (arguably) steadily increasing gold demand
-Gold's got a more impressive track record than any other investment option
Ronald Stoeferle, analyst at Erste Group Bank AG gives his optimistic commentary in the Bloomberg clip below. Stoeferle doesn't expect gold to hit a bubble until it reaches $2300.
Gold prices are projected to take some dips this week. Is the bubble popping...or was gold even in a bubble at all?
Most say no. Some analysts, including many respected hedge fund managers, see no end to gold's long reigning bull-market trend-- predicting as much as 140 percent gains in five years.
Here are a few simple reasons why:
-Gold is one of the only true save havens when hedging against inflation
-The dollar's value is unstable
-Fear: fears of future financial meltdowns, hyperinflation, debt crises etc.
-China and India have an (arguably) steadily increasing gold demand
-Gold's got a more impressive track record than any other investment option
Ronald Stoeferle, analyst at Erste Group Bank AG gives his optimistic commentary in the Bloomberg clip below. Stoeferle doesn't expect gold to hit a bubble until it reaches $2300.
Category:
Gold Saving / Investment
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