As I write this, gold bullion in the last year has risen from $1313 to today's current price of $1743. That's a 32% rise. Is gold in a bubble? Will it fall by half in the next 6 months? Is gold really facing the next real estate collapse? We all know that in the financial markets anything is possible. Gold could fall, but I believe that is highly unlikely.
I read a lot of reports on the gold market, some written by market analysts and some by gold miners, and even more than that, we live gold here at Numis every day. For years we have sold, bought, and made loans on gold, silver, and platinum. We create jewelry and repair jewelry too! So I'm immersed in gold in all kinds of ways --- at the street level.
Here's an opinion claiming that in the minds of many, gold is replacing the world's monetary systems. A fascinating read. Thanks to the writer James Turk, founder of GoldMoney. Here's the link: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/24_James_Turk_Report_-_Why_Gold_Will_Go_Above_%2411%2C000.html
Feel free to contact us if you have any questions.
Al
