If fact, central banks are buying gold at a record pace, says the World Gold Council. So far this year central governments – led by China, India, Brazil, and Russia – have bought a net amount of 350 metric tons, easily beating last year’s net purchases of 76 metric tons and the previous high of 180 metric tons back in 1988.
To hear my brother-in-law boast about his investments in silver, you’d never have guessed that he was an amateur investor. That was, at least, until silver crashed roughly 40% within one week last April.
Insider Fortunes About IF | Services | Newsletter Archives | IF Video Room | Contact Us Silver Takes the Gold By David Dutkewych 11/11/11 A Note from Andrew Gordon Silver verses gold. It’s an argument without end. I know a precious metals investor who
Gold has recently dropped from its highs of over $1,800 but it’s still had one heck of a year, up 23% thus far.
The legend of gold as your ultimate “insurance policy if all hell breaks loose” lives on. However, it is simply that…a legend. Not a fact. Gold is as capable of tremendous runs down the chart as it is of making impressive climbs up the chart.
Gold’s price continues to be controlled by bank and hedge fund speculators who drive the price of gold up and down using leveraged funds and never having to take ownership of the physical metal.
Hundreds have asked me if I own gold. Yes I do but these three investments pay more than gold, making them an exceptional opportunity.
Yesterday, gold plummeted 5.6% shedding $104 in value to finish at $1,764. It was its third largest single-day drop in history. So is this a good time to buy?
