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Friday, July 29, 2011
Gold Prices to Climb Higher as investors continue to flee the U.S. dollar.
Gavin Wendt, Senior Resources Analyst at MineLife, expects gold to reach more record highs as investors continue to flee the U.S. dollar " If you have a look at Gold in inflation adjusted terms it is trading well below where it should be " "the gold rally is based on very very sound fundamentals it is has not been based on any leverage or borrowing which is typically what we see with regards to most bubbles , there a whole lot of leverage and borrowing involved " " we are looking at $2000/oz in the next 12 to 24 months "
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)
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Gavin Wendt
Bob Chapman - The Sovereign Economist - 27 July 2011
Bob Chapman : What is happening in Washington regarding the debt ceiling crisis is political theater . We do not have any representation in congress , 95 percent of them are probably bought up they are only beholding to people who give them campaign contributions .
Inflation will be monstrous , buy gold and silver coins bullion and shares no matter what they do it is going to be good for Gold , they will cut the social security , they are bound to kill everyone of the retirees
Inflation will be monstrous , buy gold and silver coins bullion and shares no matter what they do it is going to be good for Gold , they will cut the social security , they are bound to kill everyone of the retirees
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