Continued investment in Gold and other Precious Metals is viewed as a natural hedge against inflation. Major international investment firms including mutual funds, continue buying into bullion as possibly the only real safe haven as this global financial crisis continues. Stimulus package money may lead to a troubling inflationary situation causing an even greater demand and exposure to Gold and other Precious Metals.
Mutual Funds and others with substantial holdings in the mining industry could finally realize some significant gains and help restore confidence of investors that lost their financial shirts during last years market crash.
How high will prices go short term? Who knows. $2000.00 or higher according to one expert. (read)
March 19, 2009
Doug T……The fund guy
