Archive for November, 2011

Is the Gold Price going to fall to $1,500?

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By: Julian D. W. Phillips, Gold/Silver Forecaster – Global Watch

With the worsening Eurozone crisis and the failure of government to manage the U.S. debt responsibly, markets are fearful of a meltdown. Traders are driving prices down in the knowledge that many positions are geared [leveraged] and exposed to margin calls. Other positions are protected by ‘stop loss’ instructions, so can be triggered by prices moving down through support levels. Potential buyers are in no hurry to enter the market, either because they feel there is further to fall or because the volumes dictating price moves are too thin to get the sort of positions they want. Overall, the investment climate is very wintery from the bottom of the financial structures right up to the markets themselves.

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The Simple Investment

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For those of us out there who are either new to investing or just prefer simple investments with historically high returns, investing in gold is perhaps the best way to go. For the newcomers to investing, you will have a difficult time finding a wealth manager that does not strongly recommend having your portfolio contain at least 5% of its total value in gold. Why, because gold is the single investment that has withstood the test of time generation after generation. As a new investor or as an investor looking to diversify for the first time, gold is where you want to go to get started. The question then is how and where to buy gold? (more…)