Gold Breaks yet another record today above $1900/oz

Gold is now a whisker away from reaching the psychological threshold of $ 2,000 an ounce. The yellow metal for immediate delivery has, in fact, updated once again its all-time high in the Asian markets reaching the value of $ 1,894.80.Gold could just shoot up to 2000, yet I believe gold will have a pull back before going after 2000. The dollar used to be the safe haven currency. But the dollar has been replaced with gold .I think most people buying gold (physical) after 2008 bought it not as a commodity, but as a store of value. So why should these people suddenly consider to sell it? Maybe paper will be sold off to get physical instead, than the "official" price will drop (maybe even to $100) but you will not be capable to get any gold at all. Even at $5000 I would not sell mine. What should I do with the money, just put it into an account? Buy stocks? I am already loaded with stocks, more than i like...

Ben Davies: Gold price soon to exceed $2,000 per ounce

Ben Davies (hindecapital.com) and James Turk, Director of the GoldMoney Foundation, talk about the Gold outlook in the light of the Fiat currency debasement by central banks worldwide . They see gold breaking the $2,000 barrier this year and moving exponentially. Ben Davies explains that he uses a power-function model to analyze the price of gold, based on Benford's law.


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)

Jeffrey Nichols, very bullish long term Gold $4000/oz in few years

 Gold hits today another all time record high above $1900$ and Continues to Rise! Jeffrey Nichols, senior economic adviser to Rosland Capital LLC, gives his outlook for Gold , we had big purchases this year by central banks those are likely to continue and what is really important about central banks is that gold is now off the market , when speculators or even investors buy gold often they will sell it a few months or a year later these central banks are there for decades most likely , we have strong demand from India and from China , retail investors from Europe and the United States all are buying gold

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)