In these bad economic times, there are only few markets with rising prices, so called bull markets. The most remarkable one is definitely the gold market, which kept on increasing and reached an all time peak at 1,264 dollar per ounce. GFMS (Gold Fields Mineral Services), an independent consultancy specialized in metal market research, announced it will even reach 1,3 dollar by the end of the year. Although a nonstop increase encouraged investors to put their bets on gold, well-known investor George Soros is rather cautious saying this situation could come to an end very soon. He predicts that the gold price will plummet soon after this peak and advises investors not to put all their money in the gold business.
http://www.thaindian.com/newsportal/business/gold-prices-soaring-but-it-may-plunge-soon_100429609.html
Sander Van Ouytsel
Sander Van Ouytsel
I think George Soros may have a point here. People should be really cautious when they are investing in gold. Yesterday, the price of gold reached a new peak of 1414$ per ounce. On the one hand, I can imagine that people see gold as a way of protecting themselves against inflation. On the other hand, I think it is almost impossible to keep on increasing forever. That is why the day of the crashing gold price is coming closer and closer.
BeantwoordenVerwijderenJonas Van der Slycken