Thursday, May 19, 2011

Gold strong fundamentals Driving Demand

"Since the start of this bull run in 2002 it's been an orderly rise in price, I don't think we can argue that it's not reacted properly to the world situation," says Marcus Grubb, managing director investment at the World Gold Council told CNBC. , the dollar is now a derivative with no under layer , thefear of sovereign debt default and inflation will keep driving gold prices higher




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

1 comment:

  1. Fact: Compare the paper dollar vs gold: In 1913 - $1 bought you 20 loaves of bread and in 2010 that same $1 bought you 3/4 of a loaf of bread. Yet, on the other hand, a gram of gold in 1913 bought you 13 loaves of bread and in 2010 the same gram of gold bought you 31 loaves of bread. "Which do you want?

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