Many noted investors such as Jim Rogers, David Dreman and others are warning of massive inflation in the U.S. It is true that the Fed has increased the money supply during the credit crisis and this tends to increase inflationary pressure on prices. Where is that increased money supply today? It is sitting on the [...]
The latest reports indicate that gold peaked in 2000 and production has steadily declined since then. If you couple this with the weak dollar and growing global demand, gold will stay at or above historic prices. My best guess is that gold moves to $1,300 in the next few months.
Aaron Regent, president of Barrick Gold, [...]
During periods of high inflation and weakness in the U.S. dollar, the value of gold has tended to increase, acting as a “hedge” for dollar-valued investments such as stocks, bonds, and cash. The very forces that weaken traditional investments often cause gold to rise. Gold is a good place to be in difficult times. Gold [...]
