A prominent economist is highlighting the value of dealer gold as a long-term investment option that could help protect people in the event of serious financial problems in the foreseeable future.
A report in the United Kingdom's Times newspaper, Marc Faber, who is credited with predicting the 1987 stock market crash a week before it happened, advised an audience in Tokyo recently that investments in things like gold and farmland will help protect against the chaos that things like future terrorist incidents and market meltdowns could bring.
The newspaper said that Faber also advised investors to consider the likelihood of future shortages of food and water in some regions of Asia, and to also weigh the possibility of an eventual military conflict between the United States and China. Also, Faber's belief that the United States will eventually go bankrupt because of its growing debt was also cited.
Even if such difficulties never do present themselves, gold prices have enjoyed remarkable strength in recent years, making that and other precious metals an attractive investment even if and when the economy regains momentum.
With these things in mind, consulting with a silver and gold dealer could be a wise long-term investment option.
Showing posts with label market. Show all posts
Showing posts with label market. Show all posts
Friday, March 5, 2010
Monday, February 1, 2010
Gold firms as dollar gives up early gains
Gold prices edged higher in Europe on Monday as the dollar gave up early gains to turn lower versus the euro, increasing interest in the precious metal as an alternative asset.
Interest from physical gold buyers after a 1.6 percent dip in prices in January also helped to underpin prices, analysts said, and from a technical point of view the metal appears to be bottoming out. "While most commodity markets have come under severe pressure over the past week, gold has held its ground impressively," said technical analysts at Barclays Capital. They said the metal was holding above its December low at $1,074 an ounce and 15-month trendline support at $1,069.
"With daily momentum oscillators in oversold territory, while daily sentiment has reached extremes not seen since September 2008 -- only 15 percent of DSI respondents are bullish gold -- we are on the lookout for signs of basing," they added.
Source: Economic Times
Interest from physical gold buyers after a 1.6 percent dip in prices in January also helped to underpin prices, analysts said, and from a technical point of view the metal appears to be bottoming out. "While most commodity markets have come under severe pressure over the past week, gold has held its ground impressively," said technical analysts at Barclays Capital. They said the metal was holding above its December low at $1,074 an ounce and 15-month trendline support at $1,069.
"With daily momentum oscillators in oversold territory, while daily sentiment has reached extremes not seen since September 2008 -- only 15 percent of DSI respondents are bullish gold -- we are on the lookout for signs of basing," they added.
Source: Economic Times
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