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Gold prices are rising. Analysts predict that the price of gold will continue to climb.
Investors are aligning their portfolios to protect themselves
from the coming inflationary period due to massive government spending.
Other investors are preparing for a weaker dollar, not just from inflation,
but also because the dollar’s fall from being considered the world’s
reserve currency.
A third group is looking for a safe haven investment as they try to navigate
through an economic crisis that is far from over.
Whatever class of investor you fall into, gold is an asset that will help
protect and build your wealth. Stable assets like gold are a smart choice in
a volatile economy.
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- Gold may advance to a record $1,325 an ounce if it first breaks out of a symmetrical,
triangular pattern, a move that may occur in the next one or two weeks, Standard
Bank Group Ltd. said.
- Warren Buffett, CEO of Berkshire Hathaway, and Pacific Investment Management Co, an investment company who runs the world’s largest managed bond funds, are both advocating future dollar weakness caused by massive federal stimulus spending leading the country’s deficit to about 13% of GDP this fiscal year, more than twice the non-wartime record.
- Lawrence Williams, from Mineweb.com, says that China is pushing the
idea of buying gold and silver for investment purposes to the general population
in the way that Western television sells soap powder. If 1.3 billion Chinese
citizens start buying gold and silver, even in tiny quantities, imagine what
that will do to the market!
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* Past performance does not guarantee future returns.
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Copyright 2009, Blanchard and Company, Inc., All Rights Reserved.
Blanchard and Company, Inc.
909 Poydras Street, Suite 1900
New Orleans, LA 70112
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